Lordstown Motors new CEO focused on electric truck launch

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By Ben Klayman and Subrat Patnaik
(Reuters) - Lordstown Motors Corp's new chief executive said on Thursday his focus will be on making sure the electric vehicle maker successfully rolls out its pickup truck in the face of intense regulatory scrutiny. After that, raising further necessary funds will take care of itself.
The Ohio-based startup appointed Daniel Ninivaggi as CEO, handing over the reins to the former employee of investor Carl Icahn, sending shares up as much as 41%, before they later fell back to a 16% gain.
"Job No. 1 is to make sure we stay on track from a production standpoint," Ninivaggi told Reuters in a telephone interview. "Without that, you can't raise capital."
While Lordstown is working to launch the Endurance truck, it will work in parallel ...


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