EV startup Lordstown backtracks, now says it has no binding orders

EV startup Lordstown backtracks, now says it has no binding orders

Electric-truck maker Lordstown Motors , which recently raised concerns about its ability to remain in business, on Thursday backtracked from earlier comments made by the startup’s president and said it has no binding purchase orders. At an Automotive Press Association event in Detroit on Tuesday, Lordstown President Rich Schmidt had said, “currently, we have enough orders for production for … Read more