12/5/2023 0 Comments Lordstown endurance weight![]() "After a heartbreaking day in 2019, to see this kind of a comeback-I hope you see it's a testament to the confidence the people of this company have in the people of this community," said Pence. Then-President Trump helped broker the Foxconn folly with the Wisconsin GOP, shoveled dirt at a groundbreaking, and trumpeted this midwest Potemkin Village as “the eighth wonder of the world.” Going full circle, Trump’s public browbeating of General Motors helped lay the ground for Lordstown Motors. It’s better known as Foxconn, assembler of the iPhone, last seen bamboozling Wisconsin on an epic scale with phony promises of a $10 billion LCD factory and American jobs. And Lordstown was recently forced to sell its most valuable asset for a nearly $260 million lifeline: Its former General Motors factory in Ohio, to Taiwan’s Hon Hai Technology Group. ![]() Yet since it went public in a SPAC merger, the company burned through about $700 million. The ascension of Hightower to CEO-a veteran executive engineer of Ford, GM, and BMW, and the first African-American automaking chief in more than a century-at least put an experienced automaker in charge. ![]() Here in 2022, the questions still hover like gnats around a company that appeared a Hail Mary play from the start, and has become a fumbled football of unmet promises, financial struggles and shenanigans, and revolving-door management. But any illusion quickly dissolves, as it has from the beginning, when Lordstown’s founders and political enablers first began to play on the hopes and dreams of struggling workers and residents of Ohio’s Mahoning Valley. This Michigan spin in a pre-production Endurance, together with a brave face shown by company executives-including newly appointed CEO Edward Hightower - forces me to at least reconsider Lordstown, Ohio’s troubled EV start-up. A drive of the Lordstown Endurance in best experienced in a vacuum: A space with no EV rivals, no market reality to intrude on the steady hum of four utterly pointless wheel hub motors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |