Electric-truck maker Lordstown pauses production, deliveries
Electric-truck maker Lordstown Motors Corp. said on Thursday it would temporarily stop production and deliveries of its pickup truck Endurance due to performance and quality issues with some components.
In a statement the EV maker said has filed paperwork with the National Highway Traffic Safety Administration to voluntarily recall the Endurance to address an electrical connection issue that could result in a loss of propulsion while driving.
Shares of the company fell 8 percent in trading before the bell.
Lordstown also said it would voluntarily recall 19 vehicles delivered to customers or being used internally.
The company started commercial production of Endurance trucks in September, with a target to deliver 50 vehicles in 2022 and more in 2023 out of the planned first batch of 500 units.