Lordstown Motors' founder and former CEO is buying the bankrupt EV maker's assets, according to a September 29 filing with the U.S. Securities and Exchange Commission (SEC). Lordstown's "selling entities" said in the filing that Steve Burns made the only qualified bid for what's left of Lordstown, which filed for bankruptcy in late June. Burns... EV maker Lordstown Motors’ assets sold to original CEO for $10M
Lordstown Motors' founder and former CEO is buying the bankrupt EV maker's assets, according to a September 29 filing with the U.S. Securities and Exchange Commission (SEC). Lordstown's "selling entities" said in the filing that Steve Burns made the only qualified bid for what's left of Lordstown, which filed for bankruptcy in late June. Burns... 
Automakers' third-quarter financial results are in, with positive signs for Rivian, less so for Tesla. Tesla production and deliveries were down versus the previous quarter. The automaker said it produced over 430,000 vehicles and delivered over 435,000. Despite the lower-performing quarter, Tesla claims that it's still on track for the 1.8... 
