Startup needs more capital

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Sumary of Startup needs more capital:

  • Electric truck startup Lordstown Motors said on Tuesday (Wednesday in America) it lacks sufficient capital to begin commercial production and warned about the ability to keep operating..
  • The statement, which caused the share price to dive, is the latest sign of trouble at Lordstown, which was launched with fanfare in November 2019 at a former General Motors plant in the Mahoning Valley of Ohio..
  • Lordstown’s flagship vehicle, the Endurance pickup, visited the White House during Donald Trump’s presidency….

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