Headlines from top to bottom:
CNBC, 6/27/2023; Market Watch, 7/31/2017
Middle: The Verge, 10/19/2020; Milwaukee Journal Sentinel, 3/5/2021
CNBC excerpt:
In a statement provided to CNBC, Foxconn said it had hoped to continue discussions to reach a solution that would “satisfy all stakeholders” without “resorting to baseless legal actions.” But in light of the litigation and what it characterized as Lordstown’s attempts to “mislead the public,” it is suspending talks and reserving the right to take legal action of its own.
Lordstown, launched in 2019 with a factory acquired from General Motors and the enthusiastic support of the Trump administration, struck a deal to sell that Ohio factory to Foxconn for $230 million last year. Following the deal, which closed in May 2022, Lordstown and Foxconn agreed to a second deal in which Foxconn would invest up to $170 million in Lordstown, taking a 19.3% stake in the startup.
Other Foxconn and Foxconn/Lordstown posts:
Green Bay
Madison
Milwau
2023
June
May
January
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)
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 ClaireGreen Bay
Madison
Milwau
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