Lordstown Motors new CEO focused on electric truck launch

FILE PHOTO: A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File Photo

(Reuters) -Lordstown Motors Corp's new chief executive said on Thursday his focus will be on making sure the electric vehicle maker successfully rolls out its pickup truck in the face of intense regulatory scrutiny. After that, raising further necessary funds will take care of itself.

The Ohio-based startup appointed Daniel Ninivaggi as CEO, handing over the reins to the former employee of investor Carl Icahn, sending shares up as much as 41%, before they later fell back to a 16.5% gain.