Lordstown Motors woes worsen with binding order update

Lordstown Motors has dropped itself in a new set of electric truck troubles, admitting that despite what previous announcements may have indicated, the startup still lacks any binding orders for its Endurance EV. The fledgling automaker has spent the week in damage control after both its CEO and CFO quit on Monday amid allegations of misleading investors.

Chief executive officer Steve Burns, along with chief financial officer Julio Rodriguez, both resigned from the company.

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