NU Ride Inc (NRDE)

[Almosthere]

Reddit:

LMC's new vehicle platform to be seen August 3rd?

If you read the agreement between Foxconn and Fisker ([https://www.sec.gov/Archives/edgar/data/1720990/000119312521163828/d14073dex101.htm](https://www.sec.gov/Archives/edgar/data/1720990/000119312521163828/d14073dex101.htm)) regarding the PEAR, it's not just about manufacturing, it's a partnership. Part of the partnership is the "Platform Sharing Agreement", much like Magna Steyr did for the Ocean, Foxconn is required to supply the EV platform.

It's likely that at the time of the agreement the idea was for Foxconn to build a plant in the US capable of building vehicles on the MIH platform that was created for the Model C. The MIH platform the Model C is built on uses a megacast chassis, and Fisker has said the PEAR platform has changed and will now be based on a steel frame chassis - like the Endurance.

Since LMC has partnered with Foxconn, via both the JV (MIH EV Design) and the direct $170M direct investment, the focus has been the creation of a MIH based 'new vehicle platform' - the $100M preferred share investment specifically earmarks the investment for that purpose.

Foxconn is required to provide Fisker a MIH EV platform to build the PEAR on and Foxconn is paying (investing in) LMC to create an new MIH EV platform. It seam logical that this new MIH EV platform LMC is creating is the platform that will be used for the PEAR.

Fisker has stated that they will be releasing other vehicles on the same platform the PEAR will use. Today during Fiskers ER they announced that on August 3rd, Fisker will reveal the PEAR (SUV), Ronin (sports car) and the Alaska (pickup).

This reminded me of Hydra Design Labs Facebook cover photo. Hydra Design Labs did initial design and clay modeling for both the Endurance and the Monarch tractor. And last year they updated their Facebook cover page showing three vehicles covered with black tarps, they appeared to be a sports car, a SUV and a Pickup.

Here's the pic -



https://preview.redd.it/jgexn8z9htya1.jpg?width=851&format=pjpg&auto=webp&v=enabled&s=5a3ca2331dad3ff3852e26336e59c31c37361592

I think it's very possible that there is a significant partnership between Foxconn, Fisker, LMC and Hydra , and if there is we should know about it on or before August 3rd.

[Saving Grace]

LMAO That makes it a winner. Not Selling! SMH

I've seen enough short selling bull shit to know the truth.

Good Luck

[tnyellowtomcat]

Saving Grace,

RIDE is worthless and it is only a matter of time before the share price is $0.00. 37 cents per share today is REAL MONEY!!

Think about it - Tomcat

[JoshTaeger]

The Endurance is toast…and RIDE is on it’s way to toast.

[Saving Grace]

Foxconn later walked back its threat to end the agreement, agreeing with Lordstown Motors it could not do so after the first round of funding, about $52.7 million, that was part of the agreement closed in November.

The company has 180 days to come back into compliance with Nasdaq’s rule. To do so, the closing bid price must be at least $1 per share for at least 10 days in a row before Oct. 16. Even then, Lordstown Motors could ask the exchange for more time.

I believe Burns is being liquidated of all of his shares and not by choice.
https://www.salemnews.net/news/local-news/2023/05/ex-lordstown-motors-corp-ceo-jettisons-more-stock/

According to this article, by law, the Lordstown Motors/Foxconn agreement stands.

[Saving Grace]

Lordstown Motors is Hiring! Listed on 2023-05-05

Listing for: Lordstown Motors Corp
Full Time position
Listed on 2023-05-05
Job specializations:

Engineering
Software Engineer, Test Engineer, Automation Engineer
Software Development
Python, Software Engineer

https://www.learn4good.com/jobs/farmington/michigan/engineering/2310245362/e/

Dimensional Validation Engineer - Body Closures
Job in Farmington - Oakland County - MI Michigan - USA , 48331
Listing for: Lordstown Motors Corp
Full Time position
Listed on 2023-05-05
Job specializations:

Engineering
Automotive Engineer, Electrical Engineer, Manufacturing Engineer, Mechanical Engineer

=========================

Dimensional Validation Engineer - Body Closures
Job in Farmington - Oakland County - MI Michigan - USA , 48331
Listing for: Lordstown Motors Corp
Full Time position
Listed on 2023-05-05
Job specializations:

Engineering
Automotive Engineer, Electrical Engineer, Manufacturing Engineer, Mechanical Engineer

https://www.learn4good.com/jobs/farmington/michigan/engineering/2310254502/e/

===========================

Software Engineer
Job in Farmington - Oakland County - MI Michigan - USA , 48331
Listing for: Lordstown Motors Corp
Full Time position
Listed on 2023-05-05
Job specializations:

Engineering
Software Engineer, Test Engineer, Automation Engineer
Software Development
Python, Software Engineer

https://www.learn4good.com/jobs/farmington/michigan/engineering/2310245362/e/

============================

Director - Strategy & Software Defined Vehicles Product Planning
Job in Farmington Hills - Oakland County - MI Michigan - USA
Listing for: Lordstown Motors Corporation
Full Time position
Listed on 2023-05-05
Job specializations:

=================================

Director - Strategy & Software Defined Vehicles Product Planning
Job in Farmington Hills - Oakland County - MI Michigan - USA
Listing for: Lordstown Motors Corporation
Full Time position
Listed on 2023-05-05
Job specializations:

https://www.learn4good.com/jobs/farmington-hills/michigan/automotive/2308891118/e/

=====================================

Purchasing Manager
Job in Farmington Hills - Oakland County - MI Michigan - USA
Listing for: Lordstown Motors Corp
Full Time position
Listed on 2023-05-03
Job specializations:

Supply Chain/Logistics
Supply Chain, Commodity Manager, Procurement, Purchasing
Management

https://www.learn4good.com/jobs/farmington-hills/michigan/logistics/2305337085/e/

===============================

Design and Release Engineer - Powertrain Systems
Job in Farmington - Oakland County - MI Michigan - USA , 48331
Listing for: Lordstown Motors Corp
Full Time position
Listed on 2023-05-02
Job specializations:

Engineering
Electronics Engineer, Automotive Engineer, Electrical Engineer, Mechanical Engineer
Design/Web/Multimedia

https://www.learn4good.com/jobs/farmington/michigan/engineering/2302611711/e/

==================================

EE Systems Engineer
Job in Farmington - Oakland County - MI Michigan - USA , 48331
Listing for: Lordstown Motors Corp
Full Time position
Listed on 2023-05-02
Job specializations:

Engineering
Electrical Engineer, Systems Engineer, Electric Vehicle
Automotive
Automotive Technology, Electric Vehicle

https://www.learn4good.com/jobs/farmington/michigan/engineering/2302503648/e/

=============================

Director - Battery Engineering
Job in Farmington Hills - Oakland County - MI Michigan - USA
Listing for: Lordstown Motors Corporation
Full Time position
Listed on 2023-05-05
Job specializations:

Engineering
Engineering Design, Automotive Engineer, Mechanical Engineer, Electric Vehicle
Automotive
Automotive Engineer, Electric Vehicle

https://www.learn4good.com/jobs/farmington-hills/michigan/engineering/2309035262/e/



I believe Lordstown Motors and Foxconn are gaslighting Wall Street short sellers.

These Job descriptions were just posted today and one on the 3rd
We will see a deal come together with Foxconn in my book as Lordstown Motors
is wasting no time getting people hired.

[KMC-1]

He needs to go to jail!

[OPKOHEALTH2022]

Stephen Burns got a total of 91 million dollars so far selling LMC stock. He seem to have made out better than anyone else here . And a free man deceiving people by the millions . The SEC still has not done a thing. What a shame .

[OPKOHEALTH2022]

I’m out also here with a small loss. I hope those who lost money here hopefully make it back with a better stock.

[KMC-1]

Stick a fork in 'em. They're done.

[JoshTaeger]

As of March 31, 2023, property, plant, and equipment was reviewed for potential impairment for recoverability by comparing the carrying amount of our asset group to estimated undiscounted future cash flows expected to be generated by the asset group. The Company determined that all our property, plant, and equipment represent one asset group which is the lowest level for which identifiable cash flows are available. As the carrying amount of our asset group exceeded its estimated undiscounted future cash flows for the three months ended March 31, 2023, we recognized an impairment charge of $109.8 million for the three months ended March 31, 2023 based on the difference between the carrying value of the fixed assets and their fair value as of March 31, 2023. No fixed asset impairment charges were recognized for the three months ended March 31, 2022. The fair value was derived from the Company's enterprise value at the time of impairment as we believe it represents the most appropriate fair value of the asset group in accordance with accounting guidance. In particular, the Company’s ability to raise capital is currently severely limited due to the current market environment and Company-specific factors. Therefore, notwithstanding management’s plans and efforts to date, there continues to be substantial doubt about the Company’s ability to continue as a going concern. If we are unable to resolve our dispute with Foxconn in a timely manner on terms that allow us to continue operating as planned, identify other sources of funding, identify a strategic partner and resolve our significant contingent liabilities, we may need to further curtail or cease operations and seek protection by filing a voluntary petition for relief under the Bankruptcy Code. If this were to occur, significant additional impairments may result. Furthermore, the value available to our various stakeholders, including our creditors and stockholders, is uncertain and trading prices for our securities may bear little or no relationship to the actual recovery, if any, by holders of our securities in bankruptcy proceedings, if any.

[Saving Grace]

Lordstown-Motors-Corporation, to receive a $1.2 billion government contract.

That video was posted May 4, 2023

[Saving Grace]

They're Gaslighting this to burn short sellers. Check this out from yesterday.

13 views May 4, 2023
Have you been following the news about President Trump's involvement in the automotive industry? Recently, he made headlines when he chose a little-known electric vehicle (EV) maker, Lordstown Motors Corporation, to receive a $1.2 billion government contract. It was a surprising move given the manufacturer's failure in the market before. This video takes a closer look at why Trump chose Lordstown Motors and what this could mean for the future of electric cars in the US.

We'll start off by providing an overview of Lordstown Motors and why Trump chose them to receive the massive government contract. We’ll take a closer look at the company's past failures, as well as the design of their pickup truck and how it could revolutionize the industry. Finally, we’ll discuss what this could mean for the future of electric cars in the US and the impact this could have on other companies in the auto industry.

Watch this informative video to learn why Trump chose Lordstown Motors and the potential implications this could have for the future of electric vehicles.

Tags:\nLordstown Motors Corporation, Trump, Electric Vehicles, EV, Auto Industry, Pickup Truck, Government Contract

[Soulman856]

RC2 told me to buy low and sell high. Wonder if he has anymore information here.

[Almosthere]

I’m out.

That report today deflated any hope I had left.

Management screwed up the company and Foxconn added insult to injury.

Not sticking around for bankruptcy.

Too bad.

[JoshTaeger]

Then they’ll be just as transparent on their massive losses as RIDE.

[JoshTaeger]

RIDE needs to produce vehicles in order to have them serviced…or recalled.

[Saving Grace]

I agree and Foxconn and Lordstown are playing the players.

This is where one watches the crowd and goes the other way.

BREAKING: Big Hedge Funds Now Have to Report Big Losses in Real-Time
https://franknez.com/big-hedge-funds-now-have-to-report-losses-in-real-time/

[Saving Grace]

Lordstown Motors back in production mode
Company announces maintenance / service partner
https://www.vindy.com/news/local-news/2023/04/lordstown-motors-back-in-production-mode/

[Soulman856]

Hopefully Steve burns buys it back and runs it right

[Soulman856]

Another recall. Nice. Wonder how many more coming

[Soulman856]

Wow, RS coming

[Almosthere]

They have 170 million in cash.

What would a 50 million dollar share buyback from Lordstown accomplish?

1. Raise the share price to over $1.00
2. Make Lordstown motors NASDAQ compliant
3. Meet Foxconn conditions of being NASDAQ compliant so that 117 million from Foxconn would finalize by May 8.
4. Raise the share price significantly so that in light of a potential RS, substantial money could be harvested by Lordstown for future cash flow
5. It would put a major squeeze on all shorts and decimate them in the process.
6. Make Lordstown attractive to more institutional investors thus raising the share price even more.

Yes this is MHO!

[uksausage]

dont they need $50m to do that?

[Almosthere]

LORDSTOWN COULD DO A 50 MILLION DOLLAR BUY BACK OF SHARES!

50 million USD buy back at current share price would be 128 million share buy back.

This would easily send the share price above $1.00 and they reap 117 million from Foxconn by May 7.

It may be a far reach but certainly not impossible.

[ma snart]

Where did you find date of 1q release?
Thx

[50 MIL STRONG]

LMMFAO!

It’s all about timing in the stock market and who ever tells you otherwise they are lying.

[OPKOHEALTH2022]

It’s all about timing in the stock market and who ever tells you otherwise they are lying.

[Almosthere]

This will be pumped up to a dollar soon without a RS.

0.25 was brought on by Goldman Sachs. Foxconn and lordstown will negotiate. This will continue to go North.

Hope you loaded the boat at 0.25 with the smart money!

[JoshTaeger]

Got ‘‘em by the short and curries. It’s just a mattering of waiting now for Foxconn.

[Almosthere]

Foxconn and Lordstown will negotiate.

https://www.cnn.com/2023/05/01/business/lordtown-foxconn-dispute/index.html

"In a statement Monday, Foxconn said, “We understand that Lordstown Motors is currently evaluating various courses of action as it pertains to their listing status with NASDAQ. In the meantime, we remain open to continuing our discussion and working together to reach a mutually acceptable outcome that benefits our respective stakeholders.”

[Watts Watt]

We are just about there. We will be almost there when there is a retest of the recent bottom.

[JoshTaeger]

Leave it to RIDE “investors” to salve their wounds from a 27% drop.

[Almosthere]

Soared to 0.40 after Goldman hit their 0.25.

What do you know.

[KMC-1]

It’s time for the class action suit. Steven Burns should be reduced to ashes and frankly Hightower is almost as culpable with all of his flowery statements this past year with absolutely nothing to show for it.

[50 MIL STRONG]

LMAO! I guess I should have waited.

[Almosthere]

Looks like Goldman Sachs brought it down to its 0.25 target they spouted a week ago!

Todays announcement gave them the fuel they needed to do so.

[WeTheMarket]

Very depressing, to say the least.

[OPKOHEALTH2022]

Not good LMC did not meet the milestones per agreement is what I gather this mess .

[JoshTaeger]

You were saying?


BWAHAHAHA!!!!

[JoshTaeger]

Uh oh. Trouble in Foxconn Land.

Mom and Dad are fighting.

Not good.

[Almosthere]

More institutions buying today!

Go RIDE!

[Saving Grace]

Is that how it works? LoL

[OPKOHEALTH2022]

I got me a starter here @$.50 …. Let’s hope this turns around.

[WeTheMarket]

Almosthere, agree. I think the market also reacted positively to the news that production has resumed, even if at a low rate.

[Almosthere]

Thanks for posting this.

I like the fact that this partnership was developed not only to service the endurance, but other “future vehicles developed by Lordstown in collaboration with Foxconn ecosystem.”

Under the terms of the agreement, the two companies will jointly provide EV service and warranty for the Lordstown Endurance™ in key states allowed by law, as well as future vehicles developed by Lordstown in collaboration with the Foxconn EV ecosystem.

[WeTheMarket]

Lordstown Motors Taps Amerit Fleet Solutions for Service & Warranty as Production Resumes
April 18 2023
https://ih.advfn.com/stock-market/NASDAQ/lordstown-motors-RIDE/stock-news/90790831/lordstown-motors-taps-amerit-fleet-solutions-for-s

Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or the “Company”), an original equipment manufacturer (“OEM”) of electric light duty vehicles focused on the commercial fleet market, and Amerit Fleet Solutions (“Amerit”), a provider of customized fleet maintenance and repair programs nationwide, announced today that it has entered into an agreement for Amerit to provide service and maintenance to Lordstown’s commercial fleet customers.
The Lordstown Endurance™ began commercial production at the Foxconn EV Ohio assembly plant in Q3 2022. Sales started in Q4 2022. Production and deliveries resumed in April 2023 after a pause earlier in the year to address supplier quality issues and are expected to continue at a very low pace.

Under the terms of the agreement, the two companies will jointly provide EV service and warranty for the Lordstown Endurance™ in key states allowed by law, as well as future vehicles developed by Lordstown in collaboration with the Foxconn EV ecosystem.

Amerit is executing plans for the strategic rollout of service locations aligned with Lordstown’s launch plan for initial fleet customers. Prior to the launch of services, Amerit service technicians will complete an extensive safety training program as well as Lordstown’s training curriculum for the Endurance and other future vehicles.

“Amerit is a perfect fit with Lordstown because it is a well-established service provider to the fleet and commercial industry with experience in the service and maintenance of EVs,” said Edward Hightower, CEO & President of Lordstown Motors Corporation. “Our vehicles and connectivity features, combined with Amerit’s mobile service network and innovative maintenance solutions, provide Lordstown with the ability to offer a comprehensive and customized EV experience for our fleet customers.”

“Lordstown is an innovative EV company serving the commercial fleet market, and we look forward to supporting their customers by offering service programs across the US,” said Amerit’s CEO, Dan Williams. “With over 1,800 trained and certified technicians across the country, our customized approach to service programs, and our expertise in providing EV maintenance solutions, we believe that Amerit is ideally suited to rapidly scale services to Lordstown’s Endurance customers and vehicle programs in the future.”

About Amerit Fleet Solutions
Amerit’s trusted and respected team of fleet maintenance professionals leverage a nationwide infrastructure paired with electric and alternative fuel expertise, to provide custom-built maintenance programs to fleets across the country.?Our team of highly skilled technicians and managers provide maintenance and repair programs to over 185,000 vehicles to improve clients’ fleet uptime, safety, and reliability.?Amerit’s comprehensive and innovative service solutions, paired with a customized approach driven by core values of partnership and integrity, deliver peace-of-mind to customers while keeping their assets on the road, anywhere across the country. For more information, please visit www.ameritfleetsolutions.com.

About Lordstown Motors Corp.
Lordstown Motors is an electric vehicle (EV) OEM developing innovative light duty commercial fleet vehicles, with the Endurance all electric pickup truck as its first vehicle and being launched in the Foxconn EV plant in Lordstown, Ohio. Lordstown Motors has engineering, research and development facilities in Farmington Hills, Michigan and Irvine, California. For additional information visit www.lordstownmotors.com.

[tommyg61]

[Almosthere]

Saving I think you will be correct!

[Saving Grace]

May5th 10Q willbe exciting while shorts get crushed.