[ad_1]
Undated handout image of the Lordstown Endurance electric pickup truck. Lordstown Motors/Lisa Acierno/Handout via REUTERS
June 17 (Reuters) – Lordstown Motors (RIDE.O), which had recently expressed concerns about its ability to stay in business, said Thursday it has no binding purchase orders or commitments from customers.
The clarification comes a few days after President Rich Schmidt said at an Automotive Press Association that the company has “firm” and “binding” orders for the first two years of production of its electric pickup. read more
Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli
Our standards: The Thomson Reuters Trust Principles.
[ad_2]
picture credit