Thursday, June 22, 2023

Vote of 'no confidence' from Lordstown Motors founder Steve Burns

 
Screenshot from 2020 video by Retiring Guy
HeadlineWFMJ, 6/21/2023
Despite its success in getting Nasdaq to withdraw the delisting threat, Lordstown Motors continues to have a contentious relationship with Taiwanese electronics giant Foxconn. 
Lordstown Motors has threatened legal action if Foxconn nixes a previously announced deal to purchase 10% of Lordstown Motor’s stock, which would bring a needed $47.3 million investment. 
The dispute with Foxconn has Lordstown Motors raising the possibility of filing bankruptcy if the company doesn’t get the cash needed to survive.

Other Foxconn and Foxconn/Lordstown posts:
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)

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

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