General Motors Sells its Stake in Electric Truck Startup Lordstown Motors

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General Motors Sells its Stake in Electric Truck Startup Lordstown Motors

General Motors once had big plans for its investment in electric truck startup Lordstown Motors, but after accusations of fraud which led to the sudden departure of Lordstown Chief Executive and founder Steve Burns along with Chief Financial Officer Julio Rodriguez last year, GM is officially walking away. GM announced on Tuesday it has sold off its stake in Lordstown Motors.

General Motors Sells its Stake in Electric Truck Startup Lordstown Motors

2022-03-02 11:04

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