The end of the road for Lordstown Motors?

After missing their production targets for 2022, they have shut-down their assembly line after producing a total of only 31 vehicles. And, 19 of those trucks have already been recalled to fix some possibly serious problems. Will they be able to re-start production? Quien sabe?

Will they restart production??

The magic 8 ball says… Not likely…

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I agree that it’s not likely.
But… think of this:
Tucker managed to make only 50 (?) cars before they went under, and while their value languished for many years, today those cars are each worth more than a million $$.

Could someone hold one of those 31 Lordstown trucks for a few decades and wind-up with a huge profit?
:thinking:

Hey boss, we got problems with the trucks we built. Uh, which ones? All of them.

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The magic 8 ball answers yet again… Not likely!

In 20 years the electronics will fail and brick the trucks. In the meantime, they have very limited use because they have no parts supply, no demand and there was no carnival-barker type to promote them.

Tuckers were built from mostly off-the-shelf parts, were far simpler, were pretty much like every other carmaker was building (don’t let the Tucker fan-boys convince you otherwise!) and actually could be worked on by available mechanics. Any part that was needed could be reproduced with modern methods (CNC, 3-D metal or plastic printing).

Rare cars are not generally a good investment as they rarely make money.

Like any potential collectable… it is a gamble. The last, and very best Pontiac Fieros are selling for slightly more than they sold for new in 1988… or about 1/4 of their cost. A 100 year old Model T sells for about $10,000 or when adjusted for inflation, about twice the $290 selling price when new. Storage and service costs alone would make that investment negative.

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Not likely unless some makes a movie about them. I’ll audition for the Preston Tucker role.

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So, in essence the model name–Endurance–is a complete lie. :rofl:

The FTC might want to step in and prosecute the company for violation of the Truth in Advertising regulations.
No, that likely won’t happen because Lordstown will probably have few assets shortly. :wink:

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I don’t think in 30 years from now someone would open an old barn door and go WOW!!! an electric truck how cool is that!.. It’s not a 454 Chevelle SS, AAR or Hemi Cuda or BOSS 302 etc etc… lol

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Well, 10-12 year old Tesla Roadsters have been selling for their original asking price of $120K lately. Early, low mile examples have sold for upwards of $200K so double the price IN 12 years.

It depends on how long they can attract investors. If the recalls can be addressed quickly, production could restart soon. Building cars is not easy, especially new technology versions. Even Toyota stopped production of their one EV sold in the US (bZ4X) for a while so that they could figure out how to keep the wheels from falling off.

Absolutely right. The advantage Toyota had was their established business that could float the costs of fixing the mistakes on one model. If the Lordstown funding dries up at all, they will fold so fast it’ll make remaining investor’s heads spin…the death spiral might already be in motion if enough get skittish…

Three guys were talking about what they were going to buy their wives for Christmas. They all thought about new cars.

Tom said “I’ll buy her a Kaiser and surprise her.”

Joe said “I’ll buy her a Fraser and amaze her.”

Bob said “I’ll buy her a Tucker.”

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I just realized I used to work with the CEO of Lordstown Motors, Edward Hightower. Ed is brilliant. If he can’t pull a rabbit out of that hat, it can’t be done!

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Yugo’s now sell for 2-3 times their original cost. Probably the worse car manufacturer ever sold in the US.

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Adjusted for inflation, they probably sell for less than their cost… of course there were dealers GIVING them away with the purchase of real cars, so that would be a “win”. :roll_eyes:

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I think Daewoo was even worse… I used to love working on Yugo’s, very easy, never even used a transmission jack to pull the transaxles for clutch replacements… Daewoo’s were popping head gaskets at 50K and there were no parts available for them… Had a friend that towed one in to my shop in the late 90’s he just bought at action and it looked absolutely show room new with low miles and a blown head gasket, at the time you could only get an exhaust manifold gasket and spark plugs, maybe a valve cover gasket, but nothing else engine related… I told him he bought a very nice paper weight… lol

In the early 1970s I have an Austin America that needed a top end job at 7000 miles. I learned later that in the home market all British Leyland cars from that period had top end work done at 5000 miles as preventative maintenance.

If I owned something that high maintenance it better be producing 4 digit HP numbers… haha

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We have a regular colleague here who has restored his Daewoo and likes the car, @bcohen2010 . Perhaps he’ll comment. Bill?

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As the old saying goes “There’s a seat for every ass”… lol
Nothing wrong with desiring the undesirable, as I have had my Hot Rod since 1987 and it is probably the least desirable Mopar built since the late 60’s, body parts are a nightmare to get and very costly, I am missing 1/2 of my front grill cause I am to cheap to spend $700.00 on something not safety related or go fast related… But that is the Fun part of it… Beating a check book car with something that I built with my 2 hands with help here and there from friends is very satisfying…