June 2, 2023

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Electric-truck maker Lordstown pauses production, deliveries By Reuters

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© Reuters. FILE PHOTO: A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook

(Reuters) – Electric-truck maker Lordstown Motors Corp said on Thursday it would temporarily stop production and deliveries of its pickup truck Endurance due to performance and quality issues with some components.

Shares of the company fell 8% in trading before the bell.

Lordstown also said it would voluntarily recall 19 vehicles delivered to customers or being used internally.

The company started commercial production of Endurance trucks in September, with a target to deliver 50 vehicles in 2022 and more in 2023 out of the planned first batch of 500 units.

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