Tag: pre-orders

By on March 12, 2021

Hindenburg Research, the firm that outed Nikola for overselling its technology in last year’s scathing report, has selected a new target. The company in its crosshairs this time around is Lordstown Motors. While the investment research firm stopped short of saying the Ohio-based manufacturer committed fraud, it came extremely close. On Friday, Hindenburg alleged that Lordstown is stringing investors along, will be unable to adhere to its existing production targets, and fabricated sales to make the business appear more appetizing.

“Lordstown is an electric vehicle [special purpose acquisition company] with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities,” reads the report. “The company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck. Our conversations with former employees, business partners and an extensive document review show that the company’s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.”

(Read More…)

By on May 22, 2014

2014 Mazda MX-5 Miata 25th Anniversary Edition

Were you hoping to get your hands on one of the 100 2014 Mazda MX-5 Miata 25th Anniversary Edition roadsters? Alas, you can stop holding your breath: All 100 were sold within 10 minutes.

(Read More…)

Recent Comments

  • EX35: Who buys a modern car these days and doesn’t have an extended warranty? You would be literally insane to expose...
  • Jeff S: Yes, may the ship shortage continue.
  • indi500fan: from 140° F to 86° F in three minutes The air measured at the outlet of the A/C vents might make that...
  • Jason R. Sakurai: Sorry, it was a typo. The actual HP is 289. Thanks for catching it. The 65% incline percentage is...
  • eng_alvarado90: The point still stands in favor of the Subaru. Symmetrical AWD provides traction to any wheel with...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber