LORDSTOWN, Ohio (AP) – Lordstown Motors, an Ohio manufacturer that has come under scrutiny over the number of orders it claimed it had for the electric trucks that it wants to produce, acknowledged that it has received two subpoenas from federal regulators and that prosecutors in New York have opened an investigation. The company and its executives have given conflicting accounts of whether it has received any orders for its trucks, and if so, how many orders have been placed. The company’s stock is down nearly 60% this year.
Electric Truck Manufacturer In Region Faces Federal Inquiry
July 17, 2021 4:17 am