Wednesday, August 23, 2023

Foxconned at Lordstown Motors: Another passel of broken promises

 
Headline:  Bloomberg Law, 8/22/2023
Lordstown Motors Corp. urged a judge to reject Foxconn Technology Group’s effort to toss the electric-vehicle maker’s bankruptcy, saying the Taiwanese manufacturer is trying to skirt responsibility for its role in Lordstown’s downfall. 
Lordstown needs Chapter 11 protection to shield itself from shareholder lawsuits and pursue a sale, it said in a Monday court filing. The company said it was forced into bankruptcy after Foxconn failed to deliver on a partnership agreement[emphasis added]

Other Foxconn and Foxconn/Lordstown posts:
2023
August

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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