GM invests in potential future rival electric truck maker Lordstown Motors, as it seeks IPO

GM invests in potential future rival electric truck maker Lordstown Motors, as it seeks IPO

Lordstown EnduranceAs it continues to develop its own electric pickup trucks, General Motors will invest in Lordstown Motors, which plans to build electric trucks at a former GM factory in Ohio. Lordstown announced a $ 75 million investment from GM Monday, along with plans for an initial public offering (IPO). The company, which bought GM’s factory in its namesake…

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