Lordstown Motors reported a first-quarter loss of nearly $172 million and warned investors of doubts about continuing as a "going concern."
Can Lordstown Motors survive? The electric truck maker warned investors this week that it may seek federal bankruptcy protection.
Lordstown Motors is uncertain whether it will resume production of its electric pickup truck following a second recall to address supply chain quality issues.
Lordstown Motors announced it had stopped production of its battery-electric pickup truck, the Endurance, and would voluntarily recall those already sold.
Lordstown Motors reported Q3 losses Tuesday, just a day after announcing it had secured $170 million in new funding from electronics manufacturer Foxconn.
Lordstown Motors announced that the first two of 50 electric pickup trucks it plans to produce and sell this year had rolled off the assembly line in Ohio.
Ohio-based Lordstown Motors said it will begin manufacturing its light-duty electric truck model, the Endurance, in the next six to eight weeks.
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