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June 9, 2021

Lordstown Motors warns it may not stay in business

DETROIT (AP) — Startup commercial electric vehicle maker Lordstown Motors says it may not be in business a year from now as it tries to secure funding to start full production of an electric pickup truck.

In a quarterly regulatory filing Tuesday, Lordstown said the $587 million it had on hand as of March 31 isn't enough to start commercial production and begin selling the full-size pickup, called the Endurance.


 
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