Shares of Embattled EV Start-Up Lordstown Motors Surge on Appointment of Ex-Icahn Executive as CEO - NewsBreak

Embattled electric vehicle start-up Lordstown Motors named Daniel Ninivaggi, a longtime auto veteran and former leader of Icahn Enterprises, as its new CEO. Shares of the company were up by as much as 41.4% before leveling off during trading thursday afternoon. Ninivaggi replaces company founder Steve Burns, who left the...