Lordstown Motors said on Tuesday that its Endurance electric pickup truck would enter limited production later this year, with Lordstown President Rich Schmidt telling journalists that the company had “binding orders” that would fund production until May 2022.
The company provided this statement just days after it issued a “going concern” warning and a day after it parted company with its CEO and CFO. But on Thursday morning, Lordstown sent the US Securities and Exchange Commission a new Form 8-K revealing that those binding orders are nothing of the sort.
