Lordstown Motors is going through another leadership change, this time naming a familiar face to its CEO position.
that Lordstown responded to a report from the short-selling firm Hindenburg Research, which questioned the number of preorders the company claimed to have received for its marquee Endurance vehicle.with Taiwanese manufacturer Foxconn. Lordstown Motors sold its former GM Plant to Foxconn, which will manufacturer Lordstown’s Endurance pickup truck and take on hundreds of the automaker’s employees. Foxcoonn paid $260 million in the deal.
“As executive chairman, I will continue to focus on strategic and financial matters, working closely with Edward and CFO Adam Kroll.” Along with Hightower becoming CEO, Lordstown Motors announced three new executives and one departure.
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