Cash-Strapped Electric Truck Startup Lordstown Motors Hires New CEO

Cash-strapped electric vehicle startup Lordstown Motors, which is targeting commercial customers with its Endurance electric pickup truck, has hired a new CEO after former CEO Steve Burns abruptly resigned in June. The Ohio-based company announced the appointment of Daniel Ninivaggi, who was former CEO of Icahn Enterprises L.P., a company controlled by billionaire investor Carl Icahn.