Bankrupt Lordstown Preps For Legal Battle Against Karma Auto via InsideEVs
Delaware's Mary Walrath, the bankruptcy judge involved, questioned the true ownership of the IP and assets Lordstown would be selling.
"The critical issue, in this case, is whether the debtors own the property that they want to sell," Walrath said, as reported byWhile Lordstown is officially bankrupt, its Endurance truck wasn't all too bad on paper. It offered 550 horsepower, delivered through four in-wheel motors. The Endurance could accelerate to sixty in 6.3 seconds and tow 8,000 pounds. However, its Achilles heel was an uncompetitive price tag of $65,060 and a limited EPA range of 174 miles.
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