Lordstown Motors pivots to renting space at former GM factory
Lordstown Motors is looking to essentially loan out some space at the massive former General Motors factory it owns, as the troubled startup gets closer to building its first production-quality Endurance pickup trucks later this year. Interim CEO Angela Strand shared Wednesday that Lordstown is in “serious discussions... with several potential partners” who may build vehicles or do other types of work at the plant alongside the startup — meaning the startup could act like a sort of WeWork for manufacturing.
“This is a critical strategic pivot for us, a decision that we believe will lead to significant new revenue opportunities for Lordstown at the same time as production of the Endurance is ramping up,” Strand said.
“Our current...
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