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
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.
May 9, 2022Lordstown, 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.
May 2, 2022Lordstown, 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.
April 29, 2022Lordstown 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.
February 28, 2022Lordstown 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.
November 19, 2021Lordstown 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.
September 30, 2021Why 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.
August 2, 2021Lordstown 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.
July 26, 2021Lordstown Motors Drops on Report of Justice Probe
Lordstown 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