Centre for Innovation and Clean Energy and collaborating to decarbonize the economy and scale up clean power. Lordstown Motors Corp. is an Ohio-based authentic equipment producer of light duty fleet automobiles, founded with the aim of transforming Ohio’s Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the 6.2 million square foot Lordstown Assembly Plant the place it plans to construct the Lordstown Endurance, believed to be the world’s first full-size, all-electric pickup truck designed to serve the commercial fleet market. Reported second quarter 2021 internet lack of $108 million, capex of $121 million and cash of $366 million on June 30, 2021. Conditions within the financial sector proceed to deteriorate, while a consensus amongst key stakeholders on the burden-sharing of losses has proved elusive. The burden of the continued adjustment/deleveraging in the financial sector is very regressive, targeting smaller depositors, the majority of the labor force and smaller businesses.
China tech crackdown spooks world investors Alibaba’s Jack Ma was the primary to be focused by Beijing’s crackdown on personal enterprise. Now ride-hailing, streaming, delivery and tuition firms have run foul of authorities and investors are nursing heavy losses. Grilling on NYSE as giant Weber …Read More