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Early Lordstown Motors Investor Workhorse Group Sold Most of Stake in Startup
Workhorse sold 11.9 million shares in Lordstown since July 1
Lucid, Fisker, Rivian and Canoo are among the well-funded startups racing to release new electric vehicles. WSJ asked CEOs and industry insiders how new auto companies plan to challenge Tesla’s market dominance and take on legacy car makers. Photo composite: George Downs
Electric delivery truck maker Workhorse Group Inc. said Monday it sold down much of its stake in Lordstown Motors Corp. this summer, reducing its equity position in the embattled Ohio-based startup.
Workhorse, in a company filing, said it had sold 11.9 million shares in Lordstown Motors since July 1, reducing its 9% stake by nearly three-quarters. Workhorse, also based in Ohio, was an early investor in Lordstown Motors, which was established in 2019 by Workhorse founder and former chief executive Steve Burns, an entrepreneur who had previously begun tech and marketing companies.
자세한 내용은
Early Lordstown Motors Investor Workhorse Group Sold Most of Stake in Startup
Workhorse Group, in a company filing, said it had sold 11.9 million shares in Lordstown Motors since July 1, reducing its 9% stake by nearly three-quarters.
www.wsj.com
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