Lordstown Motors Is Still Pretty Screwy With The SEC

If you know anything about Lordstown Motors, you’ll know that they’re just a hot-mess. President of the company, Rich Scmidt was quick to mention that Lordstown sill had a pretty okay two years ahead of them. But that makes us wonder how they’re getting along with the Securities and Exchange Commission. It was only after they filed Thursday with the SEC that Rich Schmidt was steadfast in his comments. Meanwhile, you also have both their CEO and their CFO quitting after what has been pretty nuts for the Lordstown name.

So what has really been going on with Lordstown?

For starters, the company has kept making it’s promise that they’ll deliver an all-electric Endurance truck. However, their stock has been diving way down. There is an SEC filing that went ahead and mentioned the following ordeal with the SEC.

“We have entered into vehicle purchase agreements with additional specialty upfitting and fleet management companies as a component of that strategy.”

Sounds very legal-ese. Here are some of their terms and conditions, not withstanding the world erupts.

  • 3 to 5-year term
  • Lordstown Motors will be THE supplier
  • Procedure protocol being enacted for forecasting, statusing, confirmation, and cancellation
  • Down payments. Duh.
  • Invoice and payment terms mother would be proud of.
  • Additional customary terms like warranties and intellectual property use

According to Lordstown, “these vehicle purchase agreements generally include a projected buyer order schedule over the 3 to 5 year life of the agreement, and may be terminated by either party at will on 30 days’ notice. They do not commit the counterparties to purchase vehicles, but we believe that they provide us with a significant indicator of demand for the Endurance.”

All this sounds a little big-headed if you ask me. But no one was actually asking so I guess I won’t voice my opinion then.

Subaru Comes Through With A Brand New Brand You Never Knew Of

Firstly, Subaru, the brand, is creating a crossover wagon spin-off. It’s just that the vehicles are too popular to be kept aside under the Subaru banner alone. Why wouldn’t they or couldn’t they be happy with something more adventurous? Enter the Wilderness. The Outback is the first model from Wilderness and it’s intended to be amazing. At least, that’s what engineer/product planner/spokesperson for Subaru says. His name is Tim Wood. “For our performance cars we have STI as a halo brand, it’s a sub-brand, and we really wanted to have something like that for our SUVs and crossovers, and that’s where this Wilderness brand came from.”

Granted, the STI is supposedly a WRX built to perform best on rough surfaces. But with Wilderness, the Outback is really looking towards becoming more of a sub-brand that can withstand growth like you’ve never known. The Outback happens to be a well-to-do car that can handle adventures outside of the city. That would really be a stunning adventure, wouldn’t it? Adventuring outside of your comfort zone? As per usual, Subaru thought of everything. The Wilderness vehicles will likely be the start of a whole new beginning for Subaru. And who wouldn’t be able to tell?! The Outback WIlderness has almost an inch of ground clearance unlike anything anyone else has ever seen. The increase in ride height brings all sorts of new angles to the game.

The Subaru off-shoot has tough tires.

For example, they are Yokohama Geolander 225/65R-17s. They stay put together for longer amounts of time while also providing a spare tire in the back instead of a donut found on so many vehicles as of recent. Finally, the Wilderness also allows for a front skid plate as well as a 180-degree”Front View Monitor.” On top of this, there will be roof rails that can sustain as much as 700 pounds of weight. And that’s just static.

Bugatti

Bugatti Cars And How Expensive They Are Price Wise

There are plenty of expensive brands. But none nearly as ridiculously expensive as the Bugatti brand. When you see a Bugatti, you can tell they had time to make it. And they used every waking (and sleeping) hour to perfect the models into the coolest cars on Earth. As is indicated from their attachment to making the vehicles look like the real deal, you can only imagine how expensive some of these cars really can be. For Bugatti, the models vary but for good reason. To see why they cost so much, you’d do best by reading on to discoer the rationale that brings these speedsters so high on the bill.

Bugatti Chiron? Three Million Dollars.

This vehicle boosts about 1,479-horsepower. It’s not afraid to boast that it was once the fastest production car on the planet. Additionally, it had been powered by a quad-turbo 8.0-liter. This also came with a 16-cylinder engine. Alas, the vehicle in question had no ability to go past 261 mph. But, if you can believe it, the relative Chiron Sport had a firmer chassis and dynamic torque-vectoring system that would enable it to push past the limits most likely.

And what about the Divo? That one is estimated at five-point-seven million.

For sure, with the extremities in style and aerodynamics alike, who could question how fast this hypercar could really go? This vehicle could attack the track, weight in at 77 pounds lesser than it’s competitors and cruise at speeds upwards to 236 miles per hour.

Who could forget the Bugatti Centodieci?

At a whopping nine-million dollars, the Centodieci seems to be a once-in-a-lifetime model made to revel in rebellion. There were only ten of these bad boys made. This model had pushed to speeds capable of 1,578 horsepower. Meanwhile, the car can also hit sixty miles per hour in only 2.4 seconds.