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Lordstown Motors new CEO focused on electric truck launch

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Lordstown Motors Corp's new chief executive said on Thursday his focus will be on making sure the electric vehicle maker successfully rolls out its pickup truck in the face of intense regulatory scrutiny. After that, raising further necessary funds will take care of itself.The Ohio-based startup appointed

Lordstown Motors Corp's new chief executive said on Thursday his focus will be on making sure the electric vehicle maker successfully rolls out its pickup truck in the face of intense regulatory scrutiny. After that, raising further necessary funds will take care of itself.

"Job No. 1 is to make sure we stay on track from a production standpoint," Ninivaggi told Reuters in a telephone interview."Without that, you can't raise capital." The company's founder and largest shareholder, Steve Burns, resigned as CEO in June following an internal investigation into claims made by short-seller Hindenburg Research.

Ninivaggi, who serves as the chairman for autoparts maker Garrett Motion Inc, has also been a director at companies including Motorola Mobility, Navistar International and Hertz Global Holdings.

Source: Energy Industry News (energyindustrynews.net)

 

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