GM offloads Lordstown Motors stake, at a loss

General Motors has sold its stake in Lordstown Motors, further exacerbating the nosedive in the electric vehicle startup’s share price. GM acquired 7.5 million shares in Lordstown, or less than 5%, when the company went public via a SPAC deal back in 2020, paying $75 million made up in cash and proceeds from the sale of an Ohio plant to Lordstown…