LiveWire Loses Almost $370 Million as Investors Flee, Forcing Harley-Davidson to Pick Up the Tab
Harley-Davidson insisted on spinning off the LiveWire brand earlier this year. The U.S. bike maker was eager to establish a separate identity for its upcoming electric motorcycles, but it was also eager to secure funding for its new EV brand, doing so through a special purpose acquisition company (SPAC) in lieu of an…