Monday, May 29, 2023

GET ME REWRITE!! The slow drip of bad news out of Lordstown becomes a gusher

 
Screenshot from 2020 video by Retiring Guy
HeadlineSeeking 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

2022

2021
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)

2020
Apparently, that's not what Scott Walker heard.  (12/19)
Just wondering what else in this Foxconn op-ed is off the mark.  (11/17)
GET ME REWRITE: Two gullible guys from Racine County still believe anything Foxconn tells them.  (10/23)

Keeping tabs on Foxconn Place in
Eau Claire
Green Bay
Madison
Milwau

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