LORDSTOWN, Ohio — A fleet management company based in Westlake has signed a letter of intent to purchase 900 Endurance electric pickup trucks from Lordstown Motors Corp (LMC), electric truck manufacturer that took over the shuttered General Motors Lordstown plant.
Westlake-based Momentum Groups specializes in corporate vehicles, from ordering to disposal, including purchase or lease financing options, fuel cards, maintenance programs, vehicle administrative services and driver compliance.
“We are thrilled to work with our neighbors at Lordstown Motors to offer this extremely efficient and powerful pickup truck to our customers, both small and large.” said Jack Pyros, Momentum’s President, in a news release. “Working together we are able to offer purchase and lease options making this low Total Cost of Ownership vehicle even more affordable.”
In November 2019, Lordstown Motors Corp acquired the 785 acre, 6.2 million square-foot GM Assembly Plant in Lordstown from General Motors to produce what’s believed to be the first fully electric pickup truck.
In 2020, LMC will complete the engineering and development of Endurance. Momentum will be among the first commercial fleet customers to begin to receive delivery of the Endurance pick up truck in early 2021 when full scale production begins.