• Home
  • About
  • Contact Us
  • Privacy Policy

Technic News

The Latest in Technology

  • New Technology
  • Cool Gadgets
  • Latest Tech & Gadgets
  • Tech & Gadget Reviews
  • Tech & Gadget News
  • Gadgets Shop

Lordstown Motors freezes production to address quality issues

Lordstown Motors’ problems aren’t over just because it’s manufacturing electric pickup trucks. The fledgling brand is pausing production and customer deliveries to help it tackle “performance and quality issues” with some components in its Endurance truck. Accordingly, it’s partnering with the National Highway Traffic Safety Administration (NHTSA) on a voluntary recall to fix a connection problem that could cut motor output while driving.

The recall will affect 19 vehicles already on the road, some of which were in use at Lordstown. The company isn’t offering an estimate as to when production will resume, but claims it’s making “significant progress” on component and subsystem issues holding up manufacturing. More details are expected to come when the firm holds its next earnings call on the morning of March 6th.

The freeze is tiny compared to issues at rivals like Tesla, which has recalled hundreds of thousands of cars (if frequently for software-only problems). However, Lordstown hasn’t made many pickups so far — it only delivered the first trucks from its initial 500-unit wave in November, and said last year that it only expected to sell 3,000 Endurance models through 2023. The halt and recall are proportionately huge.

Lordstown also doesn’t have much breathing room. GM sold its stake in late 2021, just a few months after Lordstown warned it didn’t have enough money to make its signature truck. The startup then raised funds by selling its plant to manufacturing heavyweight Foxconn. It deepened the relationship in November in exchange for two Foxconn-chosen seats on the board of directors. There’s pressure on Lordstown to turn things around, and setbacks like this don’t help.

Brought to you by USA Today Read the rest of the article here.

  • Facebook
  • Twitter
  • Pinterest

Filed Under: Tech & Gadget News

  • Email
  • Facebook
  • YouTube

www.sicherversichert.de

www.service-hotel-24.com

www.virtutea.com

www.my-fly.club 

www.1-2-holiday.com

www.women-fashion-online.com

www.amer.de

www.cupado.de

Recent Posts

  • Japan plans to restrict exports of 23 types of chip manufacturing equipment starting July 2023, amid the US push to curb China’s ability to make advanced chips (Reuters) March 30, 2023
  • Twitter launches its Verified Organizations program, which allows companies to get a verified checkmark for $1,000/month and their affiliates for $50/month each (Twitter) March 30, 2023
  • Insiders say crypto firms are struggling to access banking services and facing lengthy application procedures amid bank collapses and regulatory scrutiny (Bloomberg) March 30, 2023
  • env0, which develops Infrastructure as Code workflow automation and management software, raised $18.1M led by Venture Guides, bringing Series A total to $35.1M (Meir Orbach/CTech) March 30, 2023
  • South Korea passes the K-Chips Act to boost the country’s semiconductor industry by increasing tax credits for companies investing in manufacturing facilities (Bloomberg) March 30, 2023

Copyright © 2023 · Designed by Amaraq Websites

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.