Thursday, August 31, 2023

Foxconned in Ohio, just like we were in Wisconsin, Scott Walker

 
Screenshot from 2020 video by Retiring Guy
Headline: Industry Week, 8/30/2023
But Lordstown isn’t done with the legal side of things quite yet. It is currently suing contract manufacturing giant Foxconn for allegedly breaking the companies’ 2022 agreement that called for Foxconn to invest $170 million in the company to help develop and design a new EV program as well as general corporate purchases.  However, Foxconn backed out of the deal and only invested $52.7 million, a move Lordstown executives say led directly to them needing to file for bankruptcy protection. 
Foxconn filed a motion to dismiss the case or convert it to a Chapter 7 liquidation on July 20, saying that Lordstown had filed its bankruptcy papers in bad faith. This motion was dismissed on Aug. 28 by Judge Mary Walrath.

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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