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.
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.
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.
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.
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.
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.
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.
Lordstown 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.
In Reversal, Lordstown Motors Says It Has No Firm Truck Orders
TOLEDO, Ohio — Struggling electric truck maker Lordstown Motors said June 17 it doesn’t have any firm orders for its vehicles, just days after its president said the company had enough to maintain production through 2022.
Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand
Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.