Their minds are reprobate. Lies look like truth to them; they're convinced that their lies are "truth" and nothing will sway them.
Posted on 03/24/2021 12:41:43 PM PDT by dynachrome
Ohio has a lot riding on the success of Lordstown Motors.
Last year, Gov. Mike DeWine declared the electric vehicle startup “the future” while visiting the plant, the site of a shuttered General Motors assembly plant near Youngstown, about six months before state officials approved it for $20 million in tax credits.
Secretary of State Frank LaRose last week was the latest in a procession of state officials who, after touring the plant, lauded the company’s promise for the economically beleaguered Youngstown area. JobsOhio, the state’s private economic-development arm, has pledged $4.5 million in grants to the company.
Former President Donald Trump even touted the company’s Endurance electric pickup truck prototype at an event at the White House last year in the heat of the presidential campaign.
But as Lordstown Motors has been gearing up to produce its first vehicles by September, the politicized company has faced mounting questions about its viability. Its stock plunged on March 12 after a prominent investment firm betting against the company’s success released a scathing research report that said the company had “misled investors both on its demand and production capabilities.” That quickly led to an inquiry from the U.S. Securities and Exchange Commission followed by a shareholder lawsuit.
(Excerpt) Read more at cleveland.com ...
This “green energy” stuff is one incredibly expensive scam—that is why the politicians love it.
I’m still waiting to see an Elio out in the wild.
Sure looks a lot like a standard Chevy pickup.
So I used to work for a company that had among it’s customers a solar cell manufacturer with plants in Michigan and Mexico.
I began to realize the scam when I realized that even though they got solar panels for free, they didn’t use any in their own production facilities, not even for basic stuff like lights and water heating.
Then their business took a downturn when several European countries cancelled their government subsidies.
A year or so after I left my employer, I read that they went belly-up.
obviously not enough diversity among the ranks, executive staff and procurement channels to keep this turd afloat .
Looks a lot like the current Chevy colorado.
CC
I hope I’ve passed on before the EV dystopia, when the animal Left bans the retail sale of gasoline and diesel.
Of course, Inner Party members will still blast around in the future equivalents of armored Chevy Suburbans.
I foresee some offshore accounts getting very fat just ahead of the company declaring bankruptcy.
For those youngsters that don’t know about Twentieth Century:
https://en.wikipedia.org/wiki/Twentieth_Century_Motor_Car_Corporation
Former President Donald Trump even touted the company’s Endurance electric pickup truck prototype at an event at the White House last year in the heat of the presidential campaign.
Lectric vehicles are like solar energy. They can only do it with mass infusions of taxpayer dough.
And that breeds corruption like crotch yeast in August.
" the company's Director of Powertrain, Pirakalathan Pathmanathan, said the truck started "driving weird."
fascinating, in-depth research showing that Lordstown Motors is nothing but a total fraud and scam:
https://hindenburgresearch.com/lordstown/
3 trillion more in green stimmie on the way.
I’ve given up on ethics, I want to grab some gravy....
That looks pretty bad for any investors. I’ll bet a lot of $$ go missing.
No problem, not with an electric automotive expert like Terry McAulliffe at the helm...
Are you short the stock?
“How much taxpayer $$$ did they get?”
The article that you posted mentions $4.5 million in grants from Jobs Ohio. That compares with the $675 million it raised when it went public last fall. It’s a listed stock on the NASDAQ.
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