Taiwan’s Foxconn Technology Group completed a transaction with Lordstown Motors Corp. to acquire the electric truck startup’s Ohio factory for $230 million and take over production of its Endurance pickup truck, a critical step as the iPhone manufacturer seeks to diversify into electric vehicles.
May 12, 2022Lordstown Motors
Business, Technology, Fuel, Autonomous 
Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News)
Foxconn Completes Acquisition of Lordstown Factory
Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News) Business, Equipment, Fuel 
The Lordstown Motors Corp. Endurance electric pickup truck. On May 9, Lordstown signaled delays in plans for mass production of the pickup. (Matthew Hatcher/Bloomberg News)
Lordstown Motors Again Postpones Deadline for Foxconn Plant Deal
The Lordstown Motors Corp. Endurance electric pickup truck. On May 9, Lordstown signaled delays in plans for mass production of the pickup. (Matthew Hatcher/Bloomberg News)Electric truck startup Lordstown Motors Corp.’s shares sank as much as 19% after it pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn.
May 9, 2022 Business, Technology, Equipment 
Signage outside the Lordstown Motor Corp. headquarters last year. Sale negotiations are still in progress. (Dustin Franz/Bloomberg News)
Lordstown, Foxconn Delay Ohio Factory Sale Deadline
Signage outside the Lordstown Motor Corp. headquarters last year. Sale negotiations are still in progress. (Dustin Franz/Bloomberg News)Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd., known as Foxconn, dragging out the closure of the vital partnership and offering no guarantee that it will get done.
May 2, 2022 Business, Fuel 
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg News)
Lordstown, Foxconn Delay Factory Sale Deadline to Mid-May
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg News)Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd., known as Foxconn, dragging out the closure of the vital partnership and offering no guarantee that it will get done.
April 29, 2022Lordstown Slumps as CEO Warns of Hurdles in Foxconn Deal
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg News)Lordstown Motors Corp. tumbled after the electric vehicle startup said it was disappointed with the progress in its partnership with Foxconn Technology Group, raising questions about a critical deal to sell a factory and begin commercial production.
February 28, 2022 Government, Business, Fuel, TCA 
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg)
Lordstown Motors Poised for Tax Exemptions Under Ohio Bill
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg)COLUMBUS, Ohio – The Ohio House passed a bipartisan bill that would give Lordstown Motors a four-year sales tax exemption on engines, transmissions, batteries, brakes and other components that are unique to the production of electric vehicles.
November 19, 2021 Business, Technology, Logistics Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg)
Lordstown to Sell Ohio Plant to Foxconn in $280 Million Deal
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio. (Dustin Franz/Bloomberg)Lordstown Motors Corp. agreed to partner with Foxconn Technology Group in a $280 million deal that has the startup selling its former General Motors Co. factory in Ohio to the Taiwanese company in exchange for cash and an equity investment.
September 30, 2021 Business, Technology, Equipment, Fuel, TCA 
An RT1 truck is assembled and tested on the factory floor at the Rivian factory in Normal, Ill. (Brian Cassella/Chicago Tribune via Tribune Content Agency)
Why Southern California Is the New EV Mecca
An RT1 truck is assembled and tested on the factory floor at the Rivian factory in Normal, Ill. (Brian Cassella/Chicago Tribune via Tribune Content Agency)California is fast becoming a leading research, design and manufacturing center for electric vehicles, and Southern California has an outsized part in that development.
August 2, 2021 Business, Technology, Fuel 
The Lordstown Motors Endurance electric pickup truck during its unveiling event in Lordstown, Ohio. (Matthew Hatcher/Bloomberg News)
Lordstown May Raise Millions From Investment Fund
The Lordstown Motors Endurance electric pickup truck during its unveiling event in Lordstown, Ohio. (Matthew Hatcher/Bloomberg News)Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.
July 26, 2021 Business, Technology, Fuel 
Matthew Hatcher/Bloomberg News
Lordstown Motors Drops on Report of Justice Probe
Matthew Hatcher/Bloomberg NewsLordstown Motors Corp. slid after the Wall Street Journal reported that the troubled electric-vehicle startup is being probed by the U.S. Justice Department.
July 2, 2021