Published 2 months ago

Lordstown Motors comes out of bankruptcy with a new name to fight Foxconn

Summary by Ground News

Lordstown Motors filed for bankruptcy in June 2023. The Ohio-based company sued iPhone-maker Foxconn for allegedly destroying its business. The newly-named company has two federal investigations and other lawsuits that it needs to resolve. Foxconn now operates the factory Lordstown once owned, and even built a few dozen of the startup's electric pickup trucks.

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TechCrunch

Lordstown Motors comes out of bankruptcy with a new name to fight Foxconn

Lordstown Motors has emerged from bankruptcy with a new name and a nearly-singular focus: continuing its lawsuit against iPhone-maker Foxconn for allegedly “destroying the business of an American startup.” The company announced in a late Thursday regulatory filing that it has put into effect a Chapter 11 restructuring plan that was recently approved by the […] © 2024 TechCrunch. All rights reserved. For personal use only.

2 months ago·United States

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