Ohio Foxconn debacle: More bad karma for Lordstown Motors

 

Screenshot from 2020 video by Retiring Guy

Headline: Youngstown Vindicator, 7/25/2023

Karma sued Lordstown Motors in October 2020, claiming Lordstown Motors stole trade secrets about Karma’s infotainment system and plundered a specialized team of Karma employees who were designing it. The company is seeking more than $913 million in relief. 

“Given the size of Karma’s claim, their resolution could mean the difference between unsecured creditors getting paid in full with interest, or recovering, at best, mere pennies on the dollar,” the July 20 motion states. The pending lawsuit in federal court in California “is nothing short of ‘bet the farm” litigation for the debtors in the bankruptcy case.

Other Foxconn and Foxconn/Lordstown posts:

2023

July

Foxconn and Lordstown Motors engage in a war of words.  (7/24)

Take the money and run.  (7/18)

Lordstown Motors corporate welfare debacle in Ohio.  (7/17)

Wisconn Valley.  Voltage Valley.  File under 'Foxconned'.  (7/16).

Read a review of an EV truck you'll never drive.  (7/12)

Add India to the list of places where Foxconn has pulled out.  (7/11)

Lordstown Motors debacle: Sounds like Foxconn has more mischief up its sleeve.  (7/11)

Lordstown Motors continues to swirl down the toilet.  (7/10)

June

Embattled Lordstown continues to make headlines.  (6/29)

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)

May

The slow drip of bad news out of Lordstown becomes a gusher, part 2.  (5/29)

The slow drip of bad news out of Lordstown becomes a gusher, part 1.  (5/29)

Not making good on a pledge?  It's a Foxconn speciality!  (5/28)

Foxconn/Lordstown Motors deal.  Tick.....tick.....tick..... (5/24)

January

Slow drip of bad news out of Lordstown continues for Foxconn.  (3/19)

2022

Slow drip of bad news out of Lordstown continues.  (5/22)

2021

Four years in, Foxconn still hopes to hit a bullseye.  (10/1)

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

kee

Racine