Screenshot by Retiring Guy from 2020 video
Headline: Reuters, 6/27/2023
The automaker, named after the Ohio town where it is based, filed for Chapter 11 protection in Delaware and simultaneously took legal action against Foxconn.
In a complaint filed in bankruptcy court, Lordstown accused the electronics company of fraudulent conduct and a series of broken promises in failing to abide by an agreement to invest up to $170 million in the electric-vehicle manufacturer.
Foxconn previously invested about $52.7 million in Lordstown as part of the agreement, and currently holds an almost 8.4% stake in the EV maker. Lordstown contends Foxconn is balking at purchasing additional shares of its stock as promised and misled the EV maker about collaborating on vehicle development plans.
Cruising to the Donald Trump's and Scott Walker's 8th wonder of the world in Wisconsin.
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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