Lordstown Motors’ CEO, CFO resign

Electric truck maker Lordstown Motors said its CEO Steve Burns and CFO Julio Rodriguez resigned. The news comes days after the company also said it had “substantial doubt” about its ability to continue moving forward. “The resignations come amid an internal investigation of the company’s operations into claims by short-seller Hindenburg Research that it misled investors,” said CNBC. The U.S. SEC opened an inquiry looking at Hindenburg’s claims and the company’s merger with SPAC DiamondPeak Holdings. (Source: CNBC) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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