The Department of Justice begins probe in the Motors Claims Report of Lordstown Motors

Lordstown Motors found itself in the center of the controversy after its CEO made false claims on the preorders of his pickups. False claims finally led to the CEO and CFO of the company resigning. As a result of misinformation, a new report has surfaced that the Department of Justice is currently stimulating Lordstown’s engines. 

According to one person who claims to be familiar with the probe, Lordstown is investigated in the United States Department of Justice on the assertion that the company has exaggerated the potential sales of its stamina. electric. According to the source, the survey is currently in its infancy and is processed by the US Prosecutor’s Office in Manhattan.

The new survey would have been linked to a previous survey in the Lordstown operations conducted by the Commission on Securities and Trade. The investigations come following the former CEO and CFO of the company was dismissed after Lordstown’s Commission found that the duet had poorly supported the truck preorder.

The car manufacturer published a statement that it cooperates with regulatory or government surveys and investigations. The reports of the survey sent shares of the fireproof electric vehicle manufacturer in the negotiation of 12%. The stock lost 48% of its value this year.

Lordstown is one of the many new startups to build fully electric vehicles. It is remarkable to have purchased an old Ohio GM manufacturing facility to produce its electric trucks. The company had targeted September to obtain its electric vehicle in production. Competition in the segment of electric vehicles increases considerably. Extremely popular and old car manufacturers enter the game of electric vehicles, including Ford with its F-150 All-150 lighting. Ford has the most popular vehicle in America and the most popular truck with its F-150. Presumably, many will turn to the popular truck for their first electric pickup.