for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Lordstown Motors says it has no binding purchase orders from customers

June 17 (Reuters) - Lordstown Motors, which had recently raised concerns about its ability to remain in business, said on Thursday it does not have any binding purchase orders or commitments from customers.

The clarification comes a couple of days after President Rich Schmidt said at an Automotive Press Association that the company has “firm” and “binding” orders for the first two years of production of its electric pickup truck. (Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up