Foxconned in Ohio: More backpedaling and empty promises

 

Photo by Retiring Guy

Headline:  Youngstown Business Journal, 10/10/2024

“We want to be very smart investment wise, development wise,” Jun Seki, Foxconn’s strategy chief for EVs, told the news agency. Bloomberg also quoted the executive saying that a “fast move may be dangerous,” as global EV sales continue to slow. 

Seki said given the market, it would take approximately five years to fully build out the Lordstown factory, which it acquired from Lordstown Motors Corp. in 2022. 

At present, Foxconn uses the plant to produce the MK-V, an electric and autonomous-option tractor that is manufactured by California-based Monarch Tractor. Approximately 500 people are employed at the plant.

2024

The swirling saga continues.  (8/16)

When Donald Trump stabbed Lordstown in the back.  (3/19)

Say goodbye, once and for all, to Lordstown Motors.  (3/17)

Lordstown (Ohio) Village Council inadvertently conducts master class in irony.  (1/17)

Foxconned in Ohio:  Still a big mess.  (1/2)

2023

November

Apparently, Youngstown Business Journal is a PR arm of Foxconn.  (11/22)

Foxconned in Ohio and Wisconsin.  (11/21)

Dear Henrik Fisker, Best not to hold your breath on the Foxconn deal.  Best, Retiring Guy.  (11/16)

What's for lunch?  (11/3)

Youngstown Business Journal getting snookered by Foxconn.  (11/1)

October 

With a straight face, business journal announces series to take readers inside the Ohio Foxconn.  (10/30)

Lordstown Endurance electric truck is a must to avoid.  (10/28)

The ongoing saga.  (10/24)

Foxconn serves up another empty promise to Lordstown.  (10/8)

After multiple deadline extensions, ex-CEO buys company assets .  (10/1)

September

Lordstown Motors debacle stumbles to a close.  (9/20)

Lordstown Motors down to zero?  (9/6)

Lordstown Motors debacle:  Better to lock the door and hide when Foxconn comes calling.  (9/5)

Illinois reporter recalls how Wisconsin governor Scott Walker got Foxconned.  (9/4)

Fisker enters follows the trail of Foxconn broken promises.  (9/2)

August

Foxconned in Ohio, just like we were in Wisconsin, Scott Walker.  (8/31)

Pollyanna lives in Lordstown.  (8/30)

Another passel of broken promises.  (8/23)

Apparently, former Ohio congressman Tim Ryan has never been to Wisconsin.  (8/15)

Lordstown Motors cautionary tale.  (8/10)

More evidence that everything that Foxconn touches in the USA turns to shit.  (8/8/)

Add Fisker to the list of those who have been Foxconned.  (8/6)

The production hell that was Lordstown Motors.  (8/2)

July

Another bad karma day for Lordstown Motors.  (7/28)

In the United States, it seems as though everything Foxconn touches turns to shit. (7/27)

More bad karma for Lordstown Motors.  (7/25)

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)