Steve Burns, Lordstown’s founder and largest shareholder with a stake of more than 26 per cent, resigned as chief executive, along with Julio Rodriguez, the finance director. Last week the company flagged doubts over its ability to continue as a going concern. SponsoredThe Nasdaq-listed shares closed down 18.8 per cent, or $2.15, at $9.26 in New York last night after the departures were announced. Lordstown, based in Ohio, is trying to transform an old General Motors plant in the state. It combined with DiamondPeak Holdings Corp, a special purpose acquisition company, or Spac, in

Source: The Times June 14, 2021 23:02 UTC