Posts filtered by tags: Lordstown Motors[x]


 

Electric vehicle makers find a back door to Wall Street

Steve Burns pulled together several pieces of a business venture over the last year: His company, Lordstown Motors, designed an electric pickup truck, acquired a plant and machinery from General Motors, and racked up thousands of orders.
Tags: General Motors, Steve Burns, Lordstown Motors


The Station: Canoo paddles into the SPAC current and the next threat to micromobility

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Let’s just get this out of the way: Tesla shares are up. Way up. Tesla shares, which have risen 38% since the first trading day in August, closed at $2,049.98 on Friday. A year ago, Tesla sha...
Tags: Apple, Amazon, TC, Transportation, Lyft, Uber, New York, California, Senate, China, Los Angeles, Tech, Tesla, Automotive, United States, Volkswagen


The Station: Canoo paddles into the SPAC current and the next threat to micro mobility

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Let’s just get this out of the way: Tesla shares are up. Way up. Tesla shares, which have risen 38% since the first trading day in August, closed at $2,049.98 on Friday. A year ago, Tesla shares...
Tags: Apple, Amazon, TC, Transportation, Lyft, Uber, New York, California, Senate, China, Los Angeles, Tech, Tesla, Automotive, United States, Volkswagen


Electric vehicle startup Canoo to go public via SPAC

Canoo, the Los Angeles-based electric vehicle startup, has struck a deal to merge with special-purpose acquisition company Hennessy Capital Acquisition Corp., with a market valuation of $2.4 billion. The announcement Tuesday marks the fourth time this summer that an electric vehicle company has skipped the traditional IPO path and instead taken the company public through a merger agreement with a SPAC, also known as blank check companies. Nikola Corp., Fisker Inc. and Lordstown Motors have al...
Tags: Transportation, Los Angeles, Tech, Automotive, Hyundai, Kia, Blackrock, Faraday Future, SPAC, Daniel Hennessy, Nasdaq Stock Market, Hennessy Capital Acquisition Corp, Stefan Krause, Ulrich Kranz, Evelozcity, Canoo


The Station: Uber eats rides, the next micromobility trend, Levandowksi’s day in court

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. A series of recent and upcoming vehicle reveals have provided yet another reminder of how automakers are doubling down on tech. This isn’t just about the shift away from knobs and buttons and to...
Tags: Google, Lyft, Uber, Europe, California, Washington, China, New York City, Los Angeles, Tech, Tesla, Bloomberg, Automotive, United States, Ford, Electric Vehicles


Lordstown Motors Releases New Video Showing the All-Electric Endurance at Work

Last month, Lordstown Motors Corp. CEO Steve Burns unveiled the first pre-production Lordstown Endurance at its Northeast Ohio headquarters to a crowd that included government officials, Lordstown employees and local stakeholders. Vice President Mike Pence and U.S. Secretary of Energy Dan Brouillette also spoke. The event can be seen in its entirety at ​ youtube.com/lordstownmotors ​ . “Endurance isn’t just the first all-electric pickup truck in America—it’s a virtue the people of...
Tags: Energy, Advertising, America, Indiana, Automotive, Ohio, Northeast Ohio, Erin, Burns, Mike Pence, Valley, Lordstown, Pence, Goodyear, Steve Burns, Mahoning Valley


Why 2020 is the year of the SPACs (And what the heck is a SPAC?)

Lordstown Motors is the latest high profile company that plans to go public through a merger with a special purpose acquisition company. These types of so-called blank check deals used to be an object of scorn on Wall Street. Now they're all the rage.
Tags: Cnn, SPAC, Lordstown Motors


Morning Headlines: Ohio Stays Below 1,000 COVID-19 Cases for Third Day; Lordstown Motors Goes Public

Here are your morning headlines for Tuesday, August 4: Ohio stays below 1,000 COVID-19 cases for third day in a row LaRose backs state house efforts in revealing political dark money State lawmakers mull nuclear bailout repeal One year after mass shooting in Dayton, frustration and disappointment loom Lordstown Motors goes public, reaches deal with DiamondPeak Holdings Former Cleveland dance teacher arrested on sexual abuse charge KSU student files suit against university, seeks refund for cance...
Tags: Ohio, Cleveland, Cincinnati, State, Dayton, KSU, Mike DeWine, Ohio Department of Health, LaRose, Lordstown Motors, COVID, DiamondPeak Holdings


Lordstown Motors, an electric truck rival to Rivian and Tesla, gets GM investment and becomes publicly traded

Electric-truck maker Lordstown Motors is becoming a publicly traded company in a deal that will add $675 million to its coffers, funding production of the Lordstown Endurance all-electric light-duty pickup.
Tags: Tesla, Gm, Rivian, Lordstown Motors


Lordstown Motors becomes latest EV automaker to use a SPAC to go public

Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings Corp, with a market value of $1.6 billion. The agreement marks the latest company — and electric automaker — to become a publicly traded company through a merger agreement with a SPAC, or blank check company. Electric automakers Nikola Motor and Fisker Inc. have also become public companies through ...
Tags: Tech, General Motors, Automotive, Gm, Ohio, Electric, Nasdaq, Blackrock, Burns, SPAC, Lordstown, Velodyne Lidar, Steve Burns, Workhorse Group, Workhorse, Fisker Inc


Electric truck maker Lordstown Motors is going public

Electric truck maker Lordstown Motors is the latest company to find a ticket to ride to Wall Street through a merger with a blank check company.
Tags: Wall Street, Cnn, Lordstown Motors


Equity Monday: Could Satya and TikTok make Bytedance investors happy enough to dance?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. As you probably expected, we had a lot to sa...
Tags: Travel, Apple, Google, Fundings & Exits, Startups, Microsoft, Satya Nadella, Goldman Sachs, Morgan Stanley, Equity, Bing, Yuri Milner, Adt, Trump, SPAC, Satya


Is the 2020 SPAC boom an echo of the 2017 ICO craze?

I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has already done that and, frankly, there’s a more pressing financial topic for us to parse. Let’s take a minute to take stock of SPAC (special purpose acquisition companies) which have risen sharply to fresh prominence in recent months. Also known as blank-check companies, SPACS are firms that are sent pub...
Tags: Fundings & Exits, Startups, TC, Microsoft, Finance, Satya Nadella, Tech, Tesla, Automotive, Payments, Electric, SPAC, Nikola, NIO, Market Analysis, Porch.com


Cash Incoming: Lordstown Motors to Merge, Go Public

The question of how fledgling EV maker Lordstown Motors plans to fund production of the Endurance pickup has been answered. On Monday, the owner of GM’s former Lordstown Assembly plant announced a merger with a blank-check company, with a cash-raising NASDAQ listing as its goal. Lordstown Motors plans to finalize the merger with DiamondPeak Holdings […] The post Cash Incoming: Lordstown Motors to Merge, Go Public appeared first on The Truth About Cars.
Tags: Green, Production, Electric Vehicles, Gm, Autos, Trucks, Nasdaq, EVs, News Blog, Product Planning, Future Models, Shell Companies, Lordstown Assembly, Lordstown Motors, DiamondPeak Holdings


A Ram EV? We’ll See How Those Other Guys Manage First, Manley Hints

Quite suddenly, large electric pickups have become the hottest thing you can’t yet buy. But they’re out there, looming, just waiting to see whether demand for this embyonic segment materializes. Ford, General Motors, Rivian, Tesla, and Lordstown Motors all have a stake in the game, with the next two years promising to reveal exactly how […] The post A Ram EV? We’ll See How Those Other Guys Manage First, Manley Hints appeared first on The Truth About Cars.
Tags: Green, Competition, Electric Vehicles, Ram, Fca, Autos, Trucks, EVs, Fiat Chrysler Automobiles, News Blog, Product Planning, Future Models, Lordstown Motors, Ford General Motors Rivian Tesla


Lordstown Motors has unveiled its $52,500 Endurance truck that's set to be the first electric pickup to market

The first Lordstown Motor Endurance trucks will be shipped late summer of 2021, setting it up to be the first electric pickup truck on the road.
Tags: News, Lordstown, Lordstown Motors


Here's how Lordstown Motors' new Endurance electric pickup truck compares to Tesla's Cybertruck

Lordstown Motors has unveiled its flagship electric pickup truck, the Endurance. The electric pickup truck is will soon be saturated with both startups like Lordstown Motors, and veteran automakers such as Ford and Tesla. According to Lordstown Motors, the Endurance will be the first electric pickup truck to market in the US. The single-motor rear-wheel-drive Cybertruck and the Endurance have several similar specs, such as the towing capacities and range. Here is the Cybertruck and Endurance, ...
Tags: US, Trends, Tesla, Ford, Ohio, Mike Pence, Lordstown, Cybertruck, Lordstown Motors, Cybertrucks, Energy Dan Brouillette


Everything you need to know about the Lordstown Endurance

Ohio-based Lordstown Motors hopes to beat Tesla and Rivian to the electric pickup segment with the Endurance.
Tags: Cars, Trends, Tesla, Ohio, Electric Cars, Pickup Trucks, Lordstown, Electric pickup trucks, Rivian, Lordstown Motors, Lordstown Endurance


Lordstown Motors' Big Gamble on Hub Motors

Electric cars are gaining traction in the marketplace as Tesla builds a devoted following. But is America ready for an all-electric pickup truck? The start-up Lordstown Motors is betting on it. They’re hoping to produce America’s first electric pickup, and part of Lordstown’s gamble is a different approach to electric motors. [Author: Jeff St. Clair]
Tags: America, Tesla, Jeff St. Clair, Lordstown, Lordstown Motors, Lordstown Motors Big Gamble on Hub Motors


The Station: Amazoox, TuSimple seeks $250M and the next e-scooter battleground

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and first-time readers. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. Remember please reach out and email me at [email protected] to share thoughts, ...
Tags: Apple, Amazon, Transportation, Lyft, Uber, Elon Musk, UK, California, Oregon, Saudi Arabia, China, New York City, Tech, Information, Tesla, Ars Technica


Lordstown debuts a $52,500 electric pickup alongside a campaigning Mike Pence

Lordstown Motors unveiled Thursday a prototype of its electric future, a pickup truck with four in-wheel hub motors and a few other features all aimed squarely at attracting contractors and other buyers in the commercial market. The unveiling by this one-year-old Ohio startup didn’t get too deep into the details about the electric pickup truck known as Endurance. There wasn’t any information on the interior, performance or battery. The entire second half of the event took a 90-degree turn away f...
Tags: TC, China, Tech, Automotive, Gm, Ohio, Epa, Trump, Burns, Mike Pence, Lordstown, Goodyear, Lordstown Ohio, Steve Burns, GM assembly plant, Workhorse Group


Lordstown Motors has unveiled its $52,500 Endurance truck that's set to be the first electric pickup to market

Lordstown Motors has unveiled a pre-production version of the Endurance, the automaker's flagship electric pickup truck. The $52,500 pickup truck is expected to be produced and completed by the late summer of 2021, which would make it to the first mass-produced fully electric pickup truck on US roads. Ohio-based Lordstown Motors has plans to produce 20,000 Endurance builds in 2021, and its first production year has already been pre-sold. Visit Business Insider's homepage for more stories. Ohi...
Tags: Energy, US, Trends, General Motors, Tesla, Ford, Ohio, Chevrolet, Burns, Mike Pence, Lordstown, Goodyear, Bollinger, Steve Burns, Endurance, Dan Brouillette


Reviving Lordstown: An electric pickup truck startup brings back an old GM plant

A small Ohio automotive startup is drawing national attention for its new electric pickup truck. If the vehicle, Lordstown Motors' first and only product, proves to be a hit, it could reshape the auto market and help revive a languishing Rust Belt town. But questions linger about whether the newcomer can deliver on its goals.
Tags: Cnn, Gm, Ohio, Lordstown, Lordstown Motors


Lordstown Motors Unveils New Electric Pickup

Vice President Mike Pence rode onto a Mahoning Valley stage Thursday as Lordstown Motors unveiled its all electric pickup truck, the Endurance. The company says it already has orders for 14,000 of the Endurance trucks.
Tags: Mike Pence, Mahoning Valley, Lordstown Motors, Lordstown Motors Unveils New Electric Pickup


Endurance, by Lordstown: The Electric Pickup That’s Not for Everyone

Rivian wants to dazzle you with excessive range and dirt-flinging tank turns. Ford wants you to feel virtuous while behind the wheel of an F-150. General Motors wants to crush things beneath the wheels of the monstrous GMC Hummer EV. Lordstown Motors’s electric pickup, on the other hand, doesn’t want to be everyone’s best friend. […] The post Endurance, by Lordstown: The Electric Pickup That’s Not for Everyone appeared first on The Truth About Cars.
Tags: General Motors, Production, Ford, Electric Vehicles, Autos, Trucks, EVs, New Cars, Lordstown, Endurance, News Blog, Product Planning, Rivian, Lordstown Motors, Lordstown Endurance, GMC Hummer EV Lordstown Motors


COVID-19 rocked the auto industry, but the pandemic hasn't derailed the shift toward electric and self-driving cars. It's forging ahead.

The novel coronavirus has had a major impact on travel habits in recent months, but it won't have a profound impact on the future of electric and autonomous vehicles, industry experts told Business Insider. Autonomous-vehicle companies may add more limited-occupancy models to their lineups and increase their focus on deliveries, said Reilly Brennan, a partner at Trucks Venture Capital. And automakers may seek more partnerships related to electric-vehicle technology, but electric-vehicle adopti...
Tags: Google, Elon Musk, Trends, General Motors, Tesla, Ford, Gm, Warren Buffett, Toyota, Volkswagen, Morgan Stanley, Harley Davidson, Chrysler Pacifica, Mercedes Benz, Morningstar, Robotaxi


Morning Headlines: Family of Murdered Akron Teen Asks Suspect to Surrender; VP to visit Lordstown

Here are your morning headlines for Tuesday, June 23: Family of Akron teen shot and killed last week asking suspect to turn himself in Ohio reports another daily spike in coronavirus cases Cleveland Clinic announces cost-cutting measures to stem coronavirus-related losses Cleveland Police say white man shouted racial slurs, tried to run over black teens at birthday party Columbus Mayor to investigate allegations of man with disabilities maced by police Ohio ask U.S. Supreme Court to keep signatu...
Tags: Fbi, Ohio, Columbus, Akron, Cleveland Clinic, Lordstown, Cleveland Police, Horrigan, Tuscarawas River, Lordstown Motors, Ohio ask U S Supreme Court, Bay Police Summit County, Akron s Charter Review Commision


Calling Collect: Ohio Wants Its Money Back From GM

If you weren’t aware, the sprawling General Motors assembly plant in Lordstown, Ohio is no longer cranking out Chevy Cruzes. No plant is. And there’s now a strange “Lordstown Motors” sign adorning the complex, with some sort of crazy promise about building electric pickups? Wild. The state of Ohio certainly took notice, recalling the economic […] The post Calling Collect: Ohio Wants Its Money Back From GM appeared first on The Truth About Cars.
Tags: General Motors, Gm, Autos, Ohio, Incentives, Lordstown Ohio, News Blog, Lordstown Assembly, Chevy Cruzes, Lordstown Motors


The Station: Spin heads to Europe, Just Eat Takeaway gobbles up Grubhub and a drive in a Bentley Flying Spur

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and first-time readers. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. COVID-19 hasn’t gone away, in case you were wondering. And yet, city, county and state gover...
Tags: Transportation, Europe, Japan, Texas, Stanford, China, India, Nigeria, Africa, Los Angeles, San Francisco, Tech, Tesla, Mit, Cruise, Automotive


Lordstown Motors Aims for June 22 Pickup Debut

It’s the smallest player in the nascent electric pickup segment, but it wants to be among the first — if not the first — to field such a product. That would be Lordstown Motors Corp., the fledgling automaker that took ownership of General Motors’ sprawling assembly plant in Lordstown, Ohio last November. From that 6.2 […] The post Lordstown Motors Aims for June 22 Pickup Debut appeared first on The Truth About Cars.
Tags: General Motors, Electric Vehicles, Autos, Trucks, EVs, Lordstown Ohio, Endurance, News Blog, Product Planning, LMC, Future Models, Lordstown Motors, Lordstown Endurance, Lordstown Motors Corp, Lordstown Motors Aims