Automoto Network

General Motors Co. sold its 7.5 million shares in startup Lordstown Motors Corp. in the fourth quarter, taking a loss on its investment in the struggling electric-truck startup. GM exited the stake over the course of the quarter, a company spokesman said Tuesday. That suggests GM received between about $26 million and $60 million, based […] March 03, 2022 at 06:46AM

In this scene of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Yahoo Finance Senior Producer/Reporter Pras Subramanian. Jeremy just visited the Lordstown Motors production line in Ohio and reports back in the midst of strife inside the organization. Our hosts likewise talk about another EV startup, Lucid Motors. Pras audits […] June 26, 2021 at 12:25AM