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Podcast: IEN Radio
Episode: Foxconn Could Soon Own Lordstown
Description: Lordstown Motors has struggled with a moving target of challenges over the past few years, among them multiple lawsuits that accused the EV maker of breach of contract, conspiracy and outright fraud.It seemed for a moment the company was destined for bankruptcy, when a unique opportunity arose. Foxconn, the global electronics contract manufacturing giant based in Taiwan, handed the company an offer that was tantamount to a lifeline and in September of last year, the two parties came to an agreement…Foxconn would buy Lordstown’s Ohio factory for $230 million, as well as purchase $50 mill...