Lordstown halts production, shipments of Endurance electric trucks to address quality issues
Publishing timestamp: 2023-02-23 16:00:48
Summary
Lordstown Motors announced that they will suspend production and deliveries of their all-electric Endurance pickup due to performance and quality issues with certain components. They will also voluntarily recall 19 Endurance pickups to address an electrical connection issue that could result in loss of propulsion while driving. Shares of Lordstown have dropped 11% and the company has been plagued by management, production and execution issues.
Sentiment: NEGATIVE
Keywords: business, breaking news: business, business news, lordstown motors corp, general motors co, autos, climate, transportation,
Source: https://www.cnbc.com/2023/02/23/lordstown-halts-production-of-ev-endurance-trucks.html