Thursday, July 27, 2023

Lordstown Motors: In the United States, it seems as though everything Foxconn touches turns to shit

 
Screenshot from 2020 video by Retiring Guy
Headline: Bloomberg Law, 7/26/2023

The chief executives of Lordstown Motors Corp. misled investors about a partnership with Foxconn Technology Group, inflating the price of the company’s stock despite issues that ultimately landed the electric-vehicle maker in bankruptcy, a new shareholder suit says. 
CEO Edward Hightower and Chief Financial Officer Adam Kroll misrepresented or omitted facts about Lordstown’s collapsed deal with Foxconn for nearly a year, the proposed class action filed in the US District Court for the Northern District of Ohio says. 

Other Foxconn and Foxconn/Lordstown posts:
2023
July

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
GET ME REWRITE: Two gullible guys from Racine County still believe anything Foxconn tells them.  (10/23)

Keeping tabs on Foxconn Place in

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