Just because Lordstown Motors is now producing electric pickup trucks doesn’t mean its troubles are solved. Production and client deliveries have been put on hold as the startup brand works to address “performance and quality issues” with some of the components in its Endurance vehicle.
In order to address a connection issue that could reduce motor output while driving, it is cooperating with the National Highway Traffic Safety Administration (NHTSA) on a voluntary recall.
19 currently parked vehicles, some of which were used at Lordstown, will be affected by the recall. Although the company doesn’t provide a timeline for when production will start up again, it claims to have made “substantial progress” on the component and subsystem problems delaying manufacturing. On the morning of March 6, when the company has its next earnings call, more information is anticipated.
NEWS: Lordstown Motors Corp will temporarily stop production and deliveries of its pickup truck Endurance, of which it has only made 31 units for sale, the company said, citing performance and quality issues with some components. https://t.co/5WfwSpu3fZ
— Sawyer Merritt (@SawyerMerritt) February 23, 2023
Company Only Hopes To Sell 3,000 Endurance Models In 2023
The problem is minor in comparison to those at competitors like Tesla, which has had to recall thousands of vehicles (if frequently for software-only problems). But, Lordstown hasn’t produced many pickups thus far; the company just sent the first of its 500-unit batch of vehicles in November, and it previously stated that it only anticipated selling 3,000 Endurance models through 2023. The stoppage and recall are enormous in comparison.
Lordstown doesn’t have a lot of breathing room either. A few months after Lordstown issued a warning that GM lacked the funds to produce its iconic truck, GM sold its ownership in the company in late 2021. The business subsequently raised money by selling its facility to global manufacturing powerhouse Foxconn.
In exchange for two director seats picked by Foxconn, the partnership was strengthened in November. Lordstown is under pressure to improve, and setbacks like this don’t help.
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