Lordstown engines warn that it does not have enough cash to produce electric trucks

Lordstown Motors has been among the startups (Rivian, Canoo) promising promising electrical microphones that can compete with the current Titans of the truck world, but a current update shows that the future of society is probably. The New York Times reports on the deposit of the SEC that shows the company’s ability to move forward as a continuous concern is in danger, simply because it does not yet have enough money to start manufacturing Electric truck of endurance.

The company went public in October through the known maneuver under the name of SPAC, a special acquisition company and recently warned investors, it might be deleted for lacking a deposit deadline. The plan was to sell its truck to businesses, but with electric microphones arriving from Ford and others, it will only be possible to cope with the competition, assuming that endurance comes to market in the first place.