Former Lordstown CEO Given Permission to Buy Back Company Assets for $10 Million thetruthaboutcars.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetruthaboutcars.com Daily Mail and Mail on Sunday newspapers.
Assets are being purchased by founding CEO Steve Burns, who was pushed out amid a scandal alleging inflated order numbers. They don't include the Ohio plant now owned by Taiwan's Foxconn.
Steve Burns cashed out more than $60 million in stock in Lordstown Motors. Now he is buying its assets out of bankruptcy for $10 million. The post Lordstown Motors founder buys company assets out of bankruptcy appeared first on FreightWaves.