Lordstown Motors said its CEO and finance chief resigned and that some disclosures about preorders for its planned electric trucks were inaccurate
Lordstown Motors Corp. said its chief executive and top financial leader have resigned.
Lordstown Motors, which plans to build electric trucks at a plant in Ohio, on Monday said Steve Burns, its CEO, and Julio Rodriguez, its finance chief, have moved on from the company. Mr. Burns also stepped down from the company’s board, according to Lordstown Motors. Mr. Burns declined to comment. Efforts to reach Mr. Rodriguez, including asking for comment through a company spokesman, weren’t immediately successful.
The company also said Monday that a special board committee found that some disclosures it made about preorders for the truck it hopes to manufacture were inaccurate, but largely rejected a report about Lordstown Motors from short seller Hindenburg Research., which in a March report said that Lordstown Motors had misled investors about the strength of its preorder reservations and progress toward starting production of an electric truck.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Electric-truck maker Lordstown Motors says CEO, CFO resignLordstown Motors Corp (RIDE.O) said on Monday Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez have resigned, days after the electric-truck maker warned that it may not have enough cash to stay in business over the next year.
Read more »
Stocks making the biggest moves premarket: Novavax, Lordstown Motors, Phillips, Chipotle and othersThese are the stocks posting the largest moves before the bell.
Read more »
Electric-truck maker Lordstown Motors says CEO, CFO resignLordstown Motors Corp (RIDE.O) said on Monday Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez have resigned, days after the electric-truck maker warned that it may not have enough cash to stay in business over the next year.
Read more »
Stocks making the biggest moves premarket: Novavax, Lordstown Motors, Phillips, Chipotle and othersThese are the stocks posting the largest moves before the bell.
Read more »
Goldman double downgrades Ferrari to sell on likely costly transition to the electric vehicle eraNew for subscribers: Goldman double downgrades Ferrari to sell on likely costly transition to the electric vehicle era. Check out CNBCPro today.
Read more »
Mass shooting in Austin, Texas, leaves at least 13 wounded'I’m happy to report no one has died,' interim Austin Police Chief Joseph Chacon told reporters.
Read more »