The agreement comes a month after Lordstown warned it may not be able to continue as a "going concern."
Sheeran, who joined Canoo's board in December, is the executive chairman of the McCain Institute.
Tata Motors reported a loss of 44.5 billion rupees ($598 million) in the three months ended June 30 as sales at the luxury UK unit were hit by a lack of semiconductors.
Zeigler Auto Group expects to close on the acquisition of four dealerships in Wisconsin from Home Run Auto Group, including its first Toyota and Hyundai stores.
CEO Elon Musk faces pressure to deliver on breakthrough batteries and new factories and models, which are late. The automaker reports its second-quarter results later today.
