Jcjv Chicago s Walking Man dies months after being set on fire
Startup Lordstown Motors says it may not be in business a year from now as it tries to secure funding to start full production of an electric pickup truck. The electric-vehicle maker warned that the $587 million it had on hand at the end of March isn t enough to sta
stanley cup rt commercial production and begin selling its full-size pickup. These conditions raise substantial doubt regarding our ability to continue as a going concern for a period of at least one year, the company said in a filing Tuesday with the Securities and Exchange Commission.Shares of the company, which is set up in a former General Motors plant east of Cleveland, tumbled $1.70, or 15%, on Wednesday, following a 16% decline on Tuesday. On May 24, CEO Steve Burns warned that production could be cut by over half to only 1,000 vehicles this year unless Lordstown raised an undisclosed amount of new capital.Tuesday s SEC filing
stanley cup appears to be much more dire. Going concern is a term c
stanley cup ompanies typically use when noting that their outside auditors are questioning their ability to remain in business. Lordstown reported a first-quarter net loss of $125 million and said it had a deficit of $259 million as of March 31. The filing said management is evaluating new sources of capital, including issuing more equity or borrowing from partners, government or financial institutions. There can be no assurance that such financing would be available to us on favorable terms or at all, the Kwce Justice Department sues Alabama over alleged violent prison conditions
Director Spike Lee is calling for Hollywood production companies to leave Georgia over a law that would ban abortions as early as six weeks, upon detection of a fetal hea
adidas campus rtbeat. It marks the latest pushback from Hollywood against the polarizing law.Most studios that have commented have said they re waiting to see if the so-called heartbeat law actually takes effect next year, or if the courts will block it. But at the arrivals line for Denzel Washington s American Film Institute lifetime achievement tribute Thursday, Lee said now is the time for Georgia-based productions to shut it down and boycott the state s booming film industry to drive change.Lee acknowledged that a mass exodus could dent livelihoods in the industry, which provides $9.5 billion each year to th
salomon e state s economy, but cited black bus drivers affected by the Civil Rights Movement-era boycott in Montgomery. I know it s going to affect people s livelihood. But that s how things change, Lee said. You ve got to be on the right side of history, and the state of Georgia
ugg and those other states, they re wrong, he added. Netflix chief content officer Ted Sarandos said the streaming company will reconsider its entire investment in Georgia if the state implements a recently enacted law that bans abortion after a heartbeat is detected in an embryo. Nearly half a dozen major media companies have joined Netflix in in the stance.Likewise, Hollywood heavyweight Peter Ch
