LORDSTOWN, Ohio—Lordstown Motors has received a $400 million investment as the struggling electric truck maker continues to push toward production of its new pickup this fall. The Ohio company, which has been under scrutiny over the claims it has made about the number of orders it has received for its trucks, said in a filing Monday with the Securities and Exchange Commission that hedge fund Ya Li Pn Ltd. agreed to buy $400 million of stock. Shares of the company, which are down more than 60 percent this year, rose about 2 percent Monday. Lordstown’s operations have been under increasing scrutiny in recent months, after the company said it had no firm orders for its vehicles just after saying it had enough to maintain production through 2022. The company’s CEO and chief financial officer resigned. Lordstown acknowledged receiving two subpoenas from federal regulators earlier this month related to the company’s …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta