buying Lordstown Promises Endurance EV Pickup Will Start Production in September
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In the summer of 2019, the carmaker Ford and VW agreed, among other things, a cooperation in the commercial vehicle area. Based on the Ford Ranger, the next VW Amarok should also be created. Now there is another teaser. © vw car makers back in different areas and continues to move together. Ford and Volkswagen had agreed comprehensive cooperation in the commercial vehicle sector in the summer of 2019.
- Despite all of its recent controversies, Lordstown confirmed this week that it will start building its first vehicle this September in Ohio.
- One of those controversies led to the resignation of founder and CEO Steve Burns, who the New York Times said left because he made inaccurate statements about pre-orders for the truck.
- Lordstown Motors' president laid out the progress the company had made in preparing for production, including reconditioning stamping presses, paint spray testing and getting the battery and hub motor lines up and running.
It's been a rough few weeks for, but the new leaders at the company are not backing down from their claim that the will start production in September 2021.
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The Corvette's inventory likely remains in short supply, and ditto for the RAV4 Prime.Still, according to new data from iSeeCars on Wednesday covering the month of March, a Corvette only stuck around at a dealership for 9.4 days on average. The average time to sell a vehicle sits at 47.4 days for all new vehicles, underscoring how quickly a Corvette in stock turns into a sale. While General Motors works to build the sports car as quickly as possible for eager fans, the second-place finisher is pretty surprising.
This week, Lordstown announced that founder and CEO Steve Burns had resigned. In a company statement, Lordstown thanked Burns for his "passion and commitment to the company," but did not explain why he left the company. Thethat an internal investigation led by Lordstown's board of directors found "issues regarding the accuracy of certain statements regarding the company's pre-orders."
We were not able to reach Burns for comment about his departure, but whatever the actual reason, the company turned to an in-house executive as his replacement. Lordstown Motors' lead independent director, Angela Strand, was appointed executive chairwoman and will manage Lordstown's transition until a new, permanent CEO is found. Lordstown's chief financial officer, Julio Rodriguez, also resigned this week and was replaced by interim CFO Becky Roof.
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Speaking at a virtual Automotive Press Association (APA) event Tuesday, Strand said the company remains on track to begin building vehicles this fall with plans to deliver them to customers in the first quarter of 2022.
Video: The All-Electric Endurance, by Lordstown Motors (Motor Trend)
"What's not changing is our plan to start limited production in late September. It's a new day at Lordstown and there are no disruptions, and there will be no disruptions, to our day-to-day operations," she said.
Lordstown Motors president Rich Schmidt echoed Strand's commitment during the APA event, explaining how the startup automaker's work converting an old General Motors plant in Lordstown, Ohio (hence the name) into a facility that can build a variety of electric vehicles started in November 2019 and continues today.
Many of the production areas are ready today to produce vehicles, at a low volume, Schmidt said. He added that the body shop that had been used to make the company's beta prototypes has been retooled to prepare for production and that the paint shop started spray programming last week. Lordstown is also currently commissioning its battery and hub motor lines, each of which measures around 400,000 square feet, Schmidt said. The hub motor line should be operational in July. Lordstown is also currently reconditioning the stamping presses and, overall, the retooling process is about 85 percent complete, he said.
Tesla admits totally self-driving cars likely aren't happening in 2021
An Autopilot engineer told California regulators Tesla may not achieve Level 5 autonomy, despite what CEO Elon Musk predicted in January.The admission comes from a document of exchanges dated May 6 between the California Department of Motor Vehicles and CJ Moore, an Autopilot engineer working for Tesla, released via the legal transparency group PlainSite. "Tesla indicated that Elon is extrapolating on the rates of improvement when speaking about [Level 5] capabilities," part of the memo from the DMV read. "Tesla couldn't say if the rate of improvement would make it to L5 by end of calendar year.
Lordstown also responded this week to a report from investment research firm Hindenburg Research that claimed it was "unrealistic" to expect Lordstown to start production of the Endurance this fall. Lordstown issued a statement from a Special Committee of its Board of Directors that called the report, "in significant respects, false and misleading." In particular, the company announcement said, "its challenges to the viability of Lordstown Motors' technology and timeline to start of production are not accurate," but Lordstown did admit that Hindenburg did "identify issues regarding the accuracy of certain statements regarding the Company's pre-orders."
In the APA event, Schmidt wouldn't say how many orders Lordstown currently has for the Endurance, other than to restate that, "we have enough orders for production for 2021 and 2022. Those are firm orders that we have for those two years."
Next week, Lordstown is hosting "Lordstown Week," a media event that should reinforce the message that the company is making progress on getting the Endurance into customer hands.
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