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18 Jun
13:13

Lordstown admits it has no binding pre-orders

Troubled US electric vehicle start-up Lordstown is now telling the US Securities and Exchange Commission that it never had any actual pre-orders, Kallanish learns from a company filing.  “As previously disclosed...an important aspect of our sales and marketing strategy involves pursuing relationships with specialty upfitting and fleet management companies to incorporate the Endurance into their fleet management programs,” the company says, referri…
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