Monday, July 10, 2023

Another Foxconn debacle: Lordstown Motors continues to swirl down the toilet

 

Top headline:  Automotive News, 6/30/2023
Bottom headlineWKBN, 7/5/2023
From WKBN: 
Lordstown Motors stock started being traded in 2020. It enjoyed success. People believed this was the start of something big. The company has fallen, and the stock too, dropping 98% in the last 2 years. 
“This was gonna give a big boost to our economy. I think everybody was rooting for it. And so the disappointment’s there, and I guess what we would say is what now?” Mediate said. 
There may be some who still believe in the Endurance pickup. Though it looks bleak, Lordstown Motors could reorganize, if it could find funding. 
“That’s a very difficult challenge. Could it happen? It can, odds are against that to happen, though,” Mediate said. 
In the last year, Lordstown Motors’ stock has been as high as $55.95 a share. Today, it closed at $2.15.


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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