Stock Groups

Lordstown delays launch of electric pickup by a quarter, citing supply-chain issues -Breaking

[ad_1]

© Reuters. FILE PHOTO: A Lordstown Motors signal is seen outdoors the Lordstown Meeting Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook dinner/File Photograph

DETROIT (Reuters) – Lordstown Motors Corp on Thursday delayed subsequent 12 months’s launch of its Endurance electrical pickup truck by 1 / 4, citing elements and supplies shortages and different supply-chain points.

The Ohio-based electrical car startup stated it might now start manufacturing and deliveries within the third quarter of 2022, relatively than the second quarter it had forecast in August.

“This can be a modest delay from earlier expectations as element and materials shortages, together with different provide chain challenges, stay a difficulty for Lordstown Motors simply as they’re for the business at massive,” Chief Government Daniel Ninivaggi stated in a press release.

Disclaimer: Fusion Media want to remind you that the information contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs usually are not supplied by exchanges however relatively by market makers, and so costs will not be correct and will differ from the precise market value, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury on account of reliance on the data together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding varieties doable.



[ad_2]