Electric Truck Startup Investigated Over Fake Orders
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After more than a half-century of making cars for General Motors, the automaker closed down the local assembly plant in 2019 \\u2014 then announced it would sell the factory to a newly formed electric vehicle maker bearing the city\\u2019s name. Although Lordstown Motors Corp. would employ a fraction of GM\\u2019s former workforce, the company appeared poised to leap into the nascent market for electric pickups with its Endurance model \\u2014 slated to begin production in the fall.
Earlier this year, in fact, Lordstown Motors said it had received orders for more than 100,000 pickups, primarily from fleet operators such as utilities and municipal governments.
But a new report suggests those orders are largely smoke and mirrors, and the company now faces an investor lawsuit and a federal investigation.
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