Retiring Guy's Digest: GET ME REWRITE!! The slow drip of bad news out of Lordstown becomes a gusher

Screenshot from 2020 video by Retiring Guy

Headline: Seeking Alpha, 5/29/2023

Lordstown also said that it produced 56 Endurance vehicles so far and only delivered 18 electric vehicles to customers. In the fourth-quarter, Lordstown sold just three pick-up trucks for less than $200 thousand in revenues, so the ramp here is very disappointing. The slow ramp in production coincides with growing liquidity problems which could put Lordstown out of business… if the EV start-up does not manage to save the financing deal with Foxconn or find a new source of investment capital to finance the ramp of its first-ever production car. With the Foxconn/Lordstown investment deal hanging by a thread, I believe odds of a potential bankruptcy have risen sharply in May. [emphasis added]

Other Foxconn and Foxconn/Lordstown posts:

2023

Not making good on a pledge? It's a Foxconn speciality! (5/28)

Foxconn/Lordstown Motors deal. Tick.....tick.....tick..... (5/24)

Slow drip of bad news out of Lordstown continues for Foxconn. (3/19)

2022

Slow drip of bad news out of Lordstown continues. (5/22)

2021

Four years in, Foxconn still hopes to hit a bullseye. (10/1)

GET ME REWRITE: Yes, Foxconn's $100 milion pledge to UW-Madison was nothing more than a cynical election ploy by Scott Walker. (8/11)

The mysteries of Foxconn (season 2). (5/12)

The collapse of Donald Trump's '8th Wonder of the World'. (4/20)