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The firm, which has yet to sell a vehicle, reaffirmed that production of its Endurance electric pickup truck would start in the third quarter and delivers would follow in the three months after that.
Net income came in at $63.7 million in the quarter ended June 30, compared with a loss of $108.2 million a year earlier.
The results included a gain of more than $100 million from the asset sale, which was prompted by the need for funding amid industry-wide supply chain disruptions and rising material costs.
