Lordstown Motors is now being investigated by the Justice Department
The Department of Justice has opened an investigation into troubled electric vehicle startup Lordstown Motors, which is backed by General Motors and went public late last year but has yet to get its pickup - the Endurance - into production, according to The Wall Street Journal. It's the second official probe into the startup, as the Securities and Exchange Commission opened an investigation earlier this year into Lordstown Motors executives' misleading claims about how many preorders it had logged for the Endurance.
The new investigation, which is being run by the US Attorney's office in the Southern District of New York, comes just weeks after Lordstown Motors' CEO and founder was pushed out following a law firm's probe into those...