Sunday, March 17, 2024

Say goodbye, once and for all, to Lordstown Motors

 
Screenshot from 2020 video by Retiring Guy
Headline:

Foxconn had a hammer.
Moreover, the bankruptcy exit plan recently approved by Judge Mary F. Walrath of U.S. Bankruptcy Court in Delaware preserves Foxconn’s equity stake in the new company. 
Foxconn, the Taiwanese tech giant that two years ago entered into a contract manufacturing agreement with Lordstown Motors, is now locked in litigation with the former electric vehicle manufacturer. Last year, Lordstown Motors filed a lawsuit against Foxconn — on the same day it filed for protection under Chapter 11 — alleging breach of contract. Foxconn has filed motions in U.S. Bankruptcy court to have the complaint dismissed.

Lordstown as Foxconn victim:
2024
January

2023
November

October 

September

August

July

June

May

January

2022

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