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Lordstown Motors issues warning, GM retains its stake
On June 8, in a U.S. SEC Form 10-K/A filing, Lordstown Motors said it doesn't have enough money to start commercial production and has doubts whether it can continue as a “going concern” through the end of 2021.
In a market reaction, Lordstown Motors shares dropped 16.3% to USD 11.22.
GM owns 7.5 million shares of C....
In a market reaction, Lordstown Motors shares dropped 16.3% to USD 11.22.
GM owns 7.5 million shares of C....
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