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EV Startup Fisker Inc to Produce its Second Vehicle in Ohio at Foxconn’s Newly Acquired Factory

EV Startup Fisker Inc to Produce its Second Vehicle in Ohio at Foxconn’s Newly Acquired Factory

Electric vehicle startup Fisker Inc confirmed that it will produce its second EV dubbed PEAR at Foxconn’s newly acquired factory in Ohio that it purchased from electric truck maker Lordstown Motors. The Fisker PEAR will enter production in 2024. Both the Fisker and Foxconn teams are fully engaged and expect to build a minimum of 250,000 Fisker PEAR units a year at the plant after a ramp up period.

Eric Walz2022-05-12 09:30 PT

General Motors Sells its Stake in Electric Truck Startup Lordstown Motors

General Motors Sells its Stake in Electric Truck Startup Lordstown Motors

General Motors once had big plans for its investment in electric truck startup Lordstown Motors, but after accusations of fraud which led to the sudden departure of Lordstown Chief Executive and founder Steve Burns along with Chief Financial Officer Julio Rodriguez last year, GM is officially walking away. GM announced on Tuesday it has sold off its stake in Lordstown Motors.

FutureCar Staff 2022-03-01 16:30 PT

Lucid Group Receives SEC Subpoena Over its High-Profile SPAC Deal to Launch its IPO

Lucid Group Receives SEC Subpoena Over its High-Profile SPAC Deal to Launch its IPO

Newly listed Tesla challenger Lucid Group has received a subpoena from the U.S. Securities and Exchange Commission (SEC) over details surrounding its merger with special purpose acquisition company (SPAC) Churchill Capital Corp IV. California-based luxury electric vehicle startup Lucid launched its U.S. IPO after completing its merger with Churchill Capital Corp IV on July 23, 2021.

Eric Walz2021-12-06 08:45 PT

Foxconn to Purchase the Ohio Lordstown Motors Plant, Could Help Build Endurance Electric Pickup

Foxconn to Purchase the Ohio Lordstown Motors Plant, Could Help Build Endurance Electric Pickup

At the same time Lordstown Motors announced the deal, the company stated that the launch of its Endurance pickup truck will be delayed until the third quarter of 2022.

Vineeth Joel Patel2021-11-14 07:00 PT

GM Loans EV Startup Lordstown Motors $40 Million to buy its Shuttered Ohio Factory

GM Loans EV Startup Lordstown Motors $40 Million to buy its Shuttered Ohio Factory

In an unprecedented series of events, U.S. automaker General Motors announced that it loaned electric truck startup Lordstown Motors $40 million to buy its shuttered factory in Lordstown, Ohio. GM closed the plant earlier this year after the automaker discontinued the Chevy Cruze sedan, which was built there.

FutureCar Staff 2019-12-09 16:45 PT