Lordstown Motors pivots to renting area at former GM manufacturing facility

Lordstown Motors Headquarters Ahead Of Earnings Figures

Lordstown Motors is trying to basically mortgage out some area on the huge former Normal Motors manufacturing facility it owns, because the troubled startup will get nearer to constructing its first production-quality Endurance pickup vehicles later this 12 months. Interim CEO Angela Strand shared Wednesday that Lordstown is in “severe discussions… with a number of potential companions” who could construct automobiles or do different kinds of work on the plant alongside the startup — that means the startup may act like a type of WeWork for manufacturing.

“This can be a vital strategic pivot for us, a call that we consider will result in important new income alternatives for Lordstown concurrently manufacturing of the Endurance is ramping up,” Strand stated.

“Our present…

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