Retiring Guy's Digest: Dear Lordstown, The writing was on the wall. Best, Retiring Guy

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:

2023

June

It's another Foxconn debacle as Lordstown Motors files for bankruptcy. (6/27)

Vote of 'no confidence' from Lordstown Motors founder Steve Burns. (6/22)

InvestsorPlace warns that Lordstown Motors RIDE will crash and burn. (6/14)

Foxconn goes from Wisconsin bamboozle to Lordstown chicanery. (6/13)

Lordstown/Foxconn EV debacle on verge of morphing into legal slugfest. (6/11)

You're in for a bad RIDE with Lordstown Motors according to InvestorPlace. (6/10)

Foxconn debacle at Lordstown is running on empty. (6/5)

Foxconn/Lordstown Endurance partnership: And the hits just keep on coming. (6/3)

It's all over town, Lordstown's Endurance lacks endurance. (6/2)