Ohio-based Lordstown Motors has confirmed that it has temporarily stopped production and deliveries of its all-electric Endurance pickup truck.
Per Reuters, the previously GM-backed startup claims the shutdown is due to performance and quality issues with certain components. The report did not elaborate further. Nor did it state when the production line would be back online.
Not surprisingly, Lordstown shares dropped following the announcement, this time by 11.8%, as of Thursday morning. At the same time, Lordstown confirmed it would recall 19 vehicles already delivered to customers or being used internally. However, the truck maker has only produced 31 examples that are available for sale.
The initial goal was to deliver 50 trucks last year and a lot more this year. The first 500 units began production last September and were fully homologated for US market sales in November.