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

26m · Autoline This Week · 31 May 11:00

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.

The episode Autoline This Week #2614 - Lordstown Motors Goes Asset Light, Develops Skateboard Trucks from the podcast Autoline This Week has a duration of 26:47. It was first published 31 May 11:00. The cover art and the content belong to their respective owners.

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

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.

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