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Lordstown Motors
Business, Equipment, Fuel

Foxconn Starts EV Production in US With First Lordstown Pickups

Lordstown Motors' electric Endurance pickup truck

Taiwan’s Foxconn Technology Group has started building electric vehicles for Lordstown Motors Corp., a milestone as the company better known for making iPhones diversifies its operations.

Sean O'Kane | Bloomberg News
September 29, 2022
Business, Technology, Fuel, Autonomous

Foxconn Completes Acquisition of Lordstown Factory

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.

Debby Wu and Kevin Miller | Bloomberg News
May 12, 2022
Business, Equipment, Fuel

Lordstown Motors Again Postpones Deadline for Foxconn Plant Deal

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.

David Welch | Bloomberg News
May 9, 2022
Business, Technology, Equipment

Lordstown, Foxconn Delay Ohio Factory Sale Deadline

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.

Sean O'Kane and David Welch | Bloomberg News
May 2, 2022
Business, Fuel

Lordstown, Foxconn Delay Factory Sale Deadline to Mid-May

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.

Sean O'Kane and David Welch | Bloomberg News
April 29, 2022

Lordstown Slumps as CEO Warns of Hurdles in Foxconn Deal

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.

Sean O'Kane | Bloomberg News
February 28, 2022
Government, Business, Fuel, TCA

Lordstown Motors Poised for Tax Exemptions Under Ohio Bill

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.

Laura Hancock | cleveland.com
November 19, 2021
Business, Technology, Logistics

Lordstown to Sell Ohio Plant to Foxconn in $280 Million Deal

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.

David Welch | Bloomberg News
September 30, 2021
Business, Technology, Equipment, Fuel, TCA

Why Southern California Is the New EV Mecca

California is fast becoming a leading research, design and manufacturing center for electric vehicles, and Southern California has an outsized part in that development.

Jeff Collins | The Orange County Register
August 2, 2021
Business, Technology, Fuel

Lordstown May Raise Millions From Investment Fund

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.

Ed Ludlow and Gabrielle Coppola | Bloomberg News
July 26, 2021

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