UPDATE 1-Lordstown Motors says 2021 production will be half expectations, needs capital
By Olachi in Business
Updated 3 years ago
DETROIT, May 24 (Reuters) - Lordstown Motors Corp on Monday said 2021 production of its Endurance truck, slated to begin in September, will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 8.3% in after-hours trading. "We are...