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The Gazette in Medina, Ohio

15 Jun 2021

Page 7

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Articles on This Page

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Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Jun 15, 2021

Page

7

Lordstown Motors ousts CEO and CFO amid woes and Hindenburg probe

Lordstown Motors confirms CEO Steve Burns and CFO Julio Rodriguez have resigned as the company faces funding challenges and a scathing Hindenburg Research report. The firm says one large preorder source may lack resources, while others are vague. Four potential class actions have been filed by investors.

MENTIONED IN THIS ARTICLE

Lordstown Motors Ohio Electric Steve Burns Julio Rodriguez Lordstown Hindenburg Research Hindenburg Nikola Trevor Milton General Motors Ohio Youngstown
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GM to announce more US battery plants this week

GM president Mark Reuss says additional U S battery factories will be unveiled in the coming days with locations and exact outputs not disclosed. Spokesman Jim Cain cautioned no details yet while noting plans to expand battery capacity as electric vehicle sales grow.

MENTIONED IN THIS ARTICLE

Detroit General Motors U.S Mark Reuss Associated Press Jim Cain Reuss North America LG Energy Solution Lordstown Spring Hill Tennessee Cain EV Assembly Detroit-Hamtramck Michigan Orion Township Ingersoll Ontario Ramos Arizpe Mexico Bank of America John Murphy Murphy Joe Biden
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Michelle Chapman Burns FactSet Adam Jonas Morgan Stanley Angela Strand Strand Strand Strategy Becky Roof Eastman Kodak Hudson's Bay Saks GM Exec Lordstown Motors Corp Airport Road Wooster, OH Schaeffler.us Schaeffler South Elmwood Ave Markscleaning.com Terry Shepler Lumberjack S¢ Kitchens & Baths Featuring E. Tallmadge Ave Akron, Ohio Lumb KraftMaid Lumberjacks Jacks Deckrescue.net Medina Patti
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