Lordstown Motors

Lordstown Motors Corp. is an automotive company, which engages in the design and manufacture of light duty electric trucks targeted for sale to fleet customers. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded by Stephen S. Burns on November 13, 2018 and is headquartered in Lordstown, OH.

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Nu Ride, Inc. is an automotive company, which engages in the design and manufacture of light duty electric trucks targeted for sale to fleet customers. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded on November 13, 2018 and is headquartered in New York, NY.

Lordstown Motors has made good on its threat to sue Foxconn, the Taiwanese company best known for manufacturing Apple's iPhones. The EV company took legal action against Foxconn Tuesday, and simultaneously filed for bankruptcy and put itself up for sale.

Lordstown Motors sues Foxconn, files for bankruptcy

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Lordstown Motors (NASDAQ: RIDE) became the first electric vehicle company to file for bankruptcy protection. The company has struggled to raise capital and build its trucks after Foxconn withdrew from its partnership.

As Lordstown Motors collapses, Mullen Automotive, Canoo could be next

Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after the U.S. electric truck manufacturer failed to resolve a dispute over a promised investment from Taiwan company Foxconn.

Lordstown Motors files bankruptcy, sues Foxconn

Files Complaint Against Foxconn that Details Fraud, Bad Faith and Repeated Contractual Breaches Leading to Value Destruction Commences Comprehensive Sale Process for Endurance Truck and Related EV Assets Files Chapter 11 to Implement Restructuring in Efficient Manner Company is Debt-Free and Continues to Operate with Significant Cash-on-Hand LORDSTOWN, Ohio , June 27, 2023 /PRNewswire/ -- Lordstown Motors Corp. (Nasdaq: RIDE), ("Lordstown" or the "Company"), an original equipment manufacturer (OEM) of electric light-duty vehicles focused on the commercial fleet market, today announced a strategic restructuring process to maximize the value of its assets: its on-the-road Endurance all-electric (EV) pickup truck and the intellectual property, platform and people that developed it. As part of the process, Lordstown today filed litigation against global technology company Hon Hai Technology Group (TWSE: 2317; LSE:HHPD) and certain of its affiliates, including Foxconn Ventures Pte.

Lordstown Motors Announces Strategic Restructuring Process

Steven Burns, Founder and former Chief Executive of Lordstown Motors (NASDAQ: RIDE ) has abandoned RIDE stock. According to a recently released regulatory disclosure, Burns has offloaded his entire holdings in his former company across three transactions between May and June.

Is Founder Steve Burns Giving Up on Lordstown Motors (RIDE) Stock?

Lordstown Motors founder and former CEO Stephen Burns has sold his entire stake in the electric-vehicle maker, according to a regulatory filing.

Lordstown Motors founder sells remaining stake in EV startup

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Continuing its dramatic rally from the prior session, shares of electric vehicle (EV) manufacturer Lordstown Motors (NASDAQ: RIDE ) — which specializes in commercial fleet vehicles — jumped sharply again early on Friday. Interestingly, no company-specific news appears to represent a core catalyst for today.

What's Going on With Lordstown Motors (RIDE) Stock Today?

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In today's session, EV stocks are once again in focus for investors. Whether it's Workhorse (NASDAQ: WKHS ), Lordstown Motors (NASDAQ: RIDE ), Canoe (NASDAQ: GOEV ), Polestar Automotive (NASDAQ: PSNY ), Nikola (NASDAQ: NKLA ) or Nio (NYSE: NIO ), there's a lot of green on the screen.

Why Are EV Stocks WKHS, RIDE, GOEV, PSNY, NKLA, NIO Up Today?

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Fears that Lordstown Motors (NASDAQ: RIDE ) may go bankrupt are increasing today. This comes after the company said it will sue to make Foxconn (OTCMKTS: HNHPF ) go through with its deal to take a roughly 20% stake in Lordstown.

RIDE Stock Alert: Lordstown Prepares for Litigation Against Foxconn

Electric vehicle (EV) maker Lordstown Motors Corp (NASDAQ:RIDE) announced on Friday that it plans to take legal action against investor Foxconn to ensure that the Taiwanese electronics contract manufacturer completes a planned purchase of nearly 10% of Lordstown's shares. Reuters reported that Foxconn, which owns a little more than 8% of Lordstown, has since invested $52.7 million and is balking at purchasing additional shares, citing a breach of their agreement, according to Lordstown.

Lordstown Motors to sue Foxconn over funding dispute; stock higher

Lordstown Motors said on Friday it plans to take legal action against major investor Foxconn to ensure that the Taiwanese contract manufacturer completes a planned purchase of nearly 10% of the electric vehicle startup's shares.

EV maker Lordstown plans to sue Foxconn over stake dispute

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Lordstown Motors announced a 1-for-15 stock split to get shares high enough to keep the stock listed on Nasdaq and save a Foxconn investment.

Lordstown's Reverse Stock Split Aimed at Saving Nasdaq Listing, Foxconn Deal

Financially ailing commercial electric pickup truck maker Lordstown Motors is trading one share of stock for 15 existing shares. The reverse split should get its share price above $1 and reduce the chance it will be delisted from the Nasdaq.

Lordstown Motors dodges Nasdaq delisting by reverse stock split

Lordstown Motors will issue a reverse stock split, a last-ditch move meant to pull the EV automaker out of the penny stock doldrums and salvage a deal with Taiwanese manufacturer Foxconn. The stock fell about 3.7% to $0.28 a share following the announcement.

Lordstown Motors turns to a reverse stock split to save Foxconn deal

Lordstown Motors (NASDAQ: RIDE ) stock is falling hard on Tuesday after the electric vehicle (EV) company announced a reverse stock split. The big news traders need to know about is RIDE stock undergoing a one-for-15 reverse stock split.

RIDE Stock Alert: Lordstown Motors Plunges on Reverse Split

The electric-vehicles company announced the 1-for-15 move, which will be will be effective on May 24.

News for Lordstown Motors Stock (RIDE)