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Lordstown Motors to Lay Off Nearly 100 at Michigan Tech Centers

Lordstown Motors Corp. will begin permanent layoffs of approximately 100 employees next month at its tech centers in Michigan.

Trumbull countyUnited statesFarmington hillsSteve burnsAdam krollMotors assemblyUs bankruptcy courtHon hai technologyMichigan department of laborLordstown motors corpMichigan tech centersLordstown motorsLay off nearlyMichigan techWorker adjustment retraining notificationMichigan department

Lordstown Motors completes sale of EV factory to Foxconn

The transaction creates a lifeline for Lordstown Motors, which now can benefit from the giant company s purchasing power.

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Foxconn Completes Acquisition of Lordstown Factory

Foxconn Technology Group completed a transaction with Lordstown Motors Corp. to acquire the electric truck startup’s Ohio factory for $230 million.

United statesYoung liuDonald trumpAdam krollExchange commissionHon hai precision industry coLordstown motors corpFisker incTaiwan foxconn technology groupApple incMotors coFoxconn technology groupLordstown motorsNorth americaFisker pearContract manufacturing

Foxconn buys Lordstown Motors electric truck factory

Foxconn buys Lordstown Motors electric truck factory
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United statesYoung liuDonald trumpAdam krollExchange commissionHon hai precision industry coLordstown motors corpFisker incTaiwan foxconn technology groupMotors coFoxconn technology groupLordstown motorsNorth americaFisker pearGeneral motorsChief financial officer adam kroll

Lordstown s Future Is at Stake as It Burns Through Cash and Faces a Crucial Deal Deadline Next Week

Lordstown hopes to start production of its electric truck this fall, but even if a lifeline deal with Foxconn closes next week, it’ll need more cash.

United statesAdam krollHon hai technology groupLordstown motorsFort worthfor appleChief financial officer adam kroll

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