Lordstown was expected to receive about $675 million of gross proceeds from the deal. It planned to use the funds for the production of a new work truck called the Endurance. Lordstown says it has secured 40,000 preorders for the truck, which would equate to $2 billion in revenue.former Lordstown Assembly plant in Ohio. Lordstown purchased it from the automaker last year. Deliveries are expected to begin in late summer.
Lordstown expects to achieve breakeven or better operational earnings margins in 2022, its first full year of production, and eclipse 10% by 2024. Lordstown has received major boosts in public awareness recently thanks to the Trump administration, including visits with President
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