• GM invests in potential future rival electric truck maker Lordstown Motors, as it seeks IPO

    2 monthes ago - By High Gear Media

    As it continues to develop its own electric pickup trucks, General Motors will invest in Lordstown Motors, which plans to build electric trucks at a former GM factory in Ohio. Lordstown announced a $75 million investment from GM Monday, along with plans for an initial public offering. The company, which bought GM's factory in its namesake...
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  • Lordstown Motors to go public, trade on Nasdaq

    Lordstown Motors to go public, trade on Nasdaq

    2 monthes ago - By High Gear Media

    Lordstown Motors is the latest EV startup in recent months to announce plans to go public. The Ohio company will follow in the footsteps of fellow EV startups Nikola and Fisker by merging with a special purpose acquisition company whose shares are already publicly traded, in this case DiamondPeak Holdings Corp. which is listed on Nasdaq. The deal...
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