Posted on 02/23/2023 10:16:27 AM PST by CFW
Lordstown Motors said Thursday it will suspend production and deliveries of its all-electric Endurance pickup to address performance and quality issues with certain components.
The electric vehicle startup, which partnered with Foxconn for vehicle production at an Ohio plant, said the team is working with suppliers on the root cause analysis of each issue and potential solutions, which “in some cases may include part design modifications, retrofits, and software updates.”
(Excerpt) Read more at cnbc.com ...
With the extreme cold weather in the north today, how are electric vehicles holding up?
“Lordstown halts production, shipments of Endurance electric trucks to address quality issues”
as expected:
“The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno” (3/12/2021)
https://hindenburgresearch.com/lordstown/
The owners are probably sitting by a fire with a cup of tea and a quilt, binging on Netflix.
“As of Jan. 3, the company had produced 31 vehicles for sale and delivered six of those to customers, Lordstown said in a regulatory filing last month. ... The automaker also will voluntarily recall 19 Endurance pickups”
“With the extreme cold weather in the north today, how are electric vehicles holding up?”
i’m sure they’re just fine ... as long as they stay parked in a heated garage and connected to a 50 amp charger ...
““As of Jan. 3, the company had produced 31 vehicles for sale and delivered six of those to customers, Lordstown said in a regulatory filing last month. ... The automaker also will voluntarily recall 19 Endurance pickups””
______
If I was an investor, I’d be cutting my losses and getting out now. With such a track record, the chances of future success looks pretty slim.
“The owners are probably sitting by a fire with a cup of tea and a quilt, binging on Netflix.”
speaking of which ... sounds like a good idea ... as long as the tea is changed to spiked coffee and netflix is changed to MeTV ... and the beauty of that is all of that can even be done WITHOUT an EV parked in the garage ...
“If I was an investor, I’d be cutting my losses and getting out now. With such a track record, the chances of future success looks pretty slim.”
way too late ... stock is down to a buck from $27 two years ago ... whole thing was a scam from the gitgo founded by a con man run out of his previous scam electric car company:
https://hindenburgresearch.com/lordstown/
Hope it costs them a boat load of money.
Have you ever driven by their plant? It’s alongside the Ohio Turnpike. Former massive GM plant. Massive. Nothing like over promising and not delivering
“...shipments of Endurance electric trucks...”
Somebody better get busy building all the electric trucks that we are going to need for our war with China and Russia. How and the heck are we ever going to win that war if we are not ecologically sound?
“way too late ... stock is down to a buck from $27 two years ago ... whole thing was a scam from the gitgo founded by a con man run out of his previous scam electric car company”
Wow! Yeah, too late indeed. I didn’t take the time to look up the stock history, so thanks for the info.
It appears leftists have a knack for slapping names on things that are the opposite of what they actually are. Affordable Care Act, Community Reinvestment Act, Great Society Act, gay,……..
I wonder how all those electric snow blowers are holding up.
They know they are not ready for prime time this will reduce the amount of usage and this is what they are after, lees car sales, less driving, less food getting to market
Don’t forget the biggest whopper, the Inflation Reduction Act.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.