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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