ATW #2614 – Lordstown Motors Goes Asset Light, Develops Skateboard Trucks

May 31st, 2022 at 4:00pm

Audio-only version:
Listen to “Autoline This Week #2614 – Lordstown Motors Goes Asset Light, Develops Skateboard Trucks” on Spreaker.

Internet Premiere: 05/31 @ 4:00pm ET
Detroit Public TV: 06/12 @ 10:30am ET

PANEL:
Edward T. Hightower, President, Lordstown Motors
John McElroy, Autoline.tv

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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