Lordstown Files for Bankruptcy, Endurance Pickup Assets up for Sale

https://www.caranddriver.com/news/a44359321/lordstown-files-for-bankruptcy-report/

F, who's next I wonder?

6 points · 1 comments · view on lemmy.world

1 Comments

TempleSquare@lemmy.world · 3 pts · 3y

Unfortunately, a lot of these EV companies acted more like tech companies than they did Auto companies.

Now that interest rates have gone up, a lot of the money feeding tech has vanished.