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Lordstown Motors warns it may not have cash to enter production
short by Hiral Goyal / on Wednesday, 9 June, 2021
Electric vehicle startup Lordstown Motors has warned that it may not have sufficient funds to enter commercial scale production of its vehicles. The company has added a going-concern notice to its annual report, indicating it might not be able to meet its financial obligations. Earlier, CEO Steve Burns said Lordstown would need more capital to produce 2,000-plus units this year.