U.S. federal prosecutors investigating Lordstown Motors


FILE PHOTO: A Lordstown Motors beta version of its all electric pickup truck, the Endurance, is seen at the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook

(Reuters) - Lordstown Motors Corp said federal prosecutors in Manhattan are investigating the electric-truck maker's vehicle pre-orders and its merger with blank-check company DiamondPeak Holdings.

The U.S. Securities and Exchange Commission had earlier asked the electric pickup truck maker to produce documents and information related to its merger and pre-orders.(https://bit.ly/3B5gwWe)

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

In which country do people spend the most time on screens?
How streaming is boosting esports
Battery firm LG Energy Solution Q1 profit plunges on weak EV sales
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Cisco says hackers subverted its security devices to spy on governments
Disappointing Meta forecast pulls down tech peers in extended trade
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
Meta shares sink on higher AI spending, light revenue forecast
TSMC says 'A16' chipmaking tech to arrive in 2026, setting up showdown with Intel
TikTok artists and advertisers to stay with app until 'door slams shut'

Others Also Read