Autoline This Week #2614 - Lordstown Motors Goes Asset Light, Develops Skateboard Trucks

31/05/2022 26 min

Listen "Autoline This Week #2614 - Lordstown Motors Goes Asset Light, Develops Skateboard Trucks"

Episode Synopsis

Lordstown Motors changed its business plan. Instead of building electric trucks, it’s going to have Foxconn build them for it—in the plant that Lordstown used to own. It raised the money it needs to launch its truck by selling the plant to Lordstown. That truck, called the Endurance, will start production in Q3, 2022. But Lordstown is already working on other commercial models that will use a skateboard chassis. Edward T. Hightower, the President of Lordstown Motors, explains the new direction the company is going in.

More episodes of the podcast Autoline This Week - Video