Sunday, October 1, 2023

Foxconned in Ohio: After multiple deadline extensions, ex-CEO buys company assets

 
Screenshot from 2020 video by Retiring Guy
Headline cleveland.com, 9/30/2023
The sale includes all machinery, including the hub motor assembly lines, the battery module assembly lines, the battery pack assembly lines and related or associated machinery and all inventory, among other items. 
The deal contains termination rights for both the company and LAS Capital, including the right to terminate the deal if it doesn’t close by Oct. 31. 
A Lordstown spokesman said in an email to cleveland.com and The Plain Dealer that the company is not providing additional comment beyond the documents that were filed.

Other Foxconn and Foxconn/Lordstown posts:
2023
September

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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