Lordstown Motors appears to be shifting chairs on the deck of the Titanic. The electric truck startup kept a scheduled media event one day after CEO Steve Burns and chief financial officer Julio Rodriguez resigned after an investigation by the company's board.

The virtual meeting with the Automotive Press Association out of Detroit started with a statement by Angela Strand, the lead independent director who has been appointed executive chairman. Lordstown is committed to transparency and plans to start limited production in late September, with no disruptions in day-to-day operations envisioned, Strand says.

Then president Rich Schmidt and chief engineer Darren Post proceeded with an upbeat presentation about the virtues of the Lordstown Endurance electric pickup, which the company says is sold out through 2022. And they showed the plant with robots and conveyor belts in full motion as the former General Motors factory continues its retooling in preparation for the fall launch.


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