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Lordstown Motors
Business, Fuel

Lordstown Settles Karma Lawsuit for $40 Million

Lordstown Motors' Endurance pickup truck

Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.

Jonathan Randles | Bloomberg News
August 15, 2023
Government, Business, Technology, Fuel

Lordstown Ordered to Face Trial Despite Bankruptcy

Lordstown Motors' Endurance pickup truck

A Delaware judge permitted vehicle maker Karma Automotive to move forward with an upcoming trial in California against Lordstown Motors Corp. despite Lordstown's filing for bankruptcy.  

Jonathan Randles | Bloomberg News
July 27, 2023
Government, Business, Technology, Fuel

Lordstown Motors Files for Bankruptcy Protection

The Lordstown Motors Baja truck

Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.

Michelle Chapman | Associated Press
June 27, 2023
Government, Business, Fuel

Lordstown Motors to Sue Foxconn Over Stalled Investment

Lordstown Motors' factory

Lordstown Motors Corp. intends to sue backer Foxconn Technology Group as the companies remain at odds over a stalled investment in the EV startup.

Sean O'Kane | Bloomberg News
June 9, 2023
Business, Technology, Fuel

Foxconn’s Dispute With Lordstown Shows Souring EV Sentiment

Lordstown plant in Ohio

Foxconn hasn’t made good on its pledge to acquire enough Lordstown shares to build an 18.3% stake in the company, and now a dispute threatens to sink the electric vehicle startup.

David Welch | Bloomberg News
May 26, 2023
Business, Technology

Lordstown Lines Up Amerit for Commercial Fleet Support

Lordstown Endurance

Amerit Fleet Solutions will provide service and maintenance for commercial fleet customers of U.S.-based electric vehicle manufacturer Lordstown Motors, the companies said April 18.

April 21, 2023
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

Image

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

Image

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

Image

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

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