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Lordstown Motors Shares Tumble Amid Disappointing Production Plans

Lordstown Motors (NASDAQ: RIDE) revealed that it expects to only produce and sell approximately 3,000 vehicles through next year. ....

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Lordstown expects to sell 500 Endurance trucks even as costs surge

-Electric vehicle startup Lordstown Motors Corp said on Monday it plans to sell its first 500 Endurance electric pickup trucks this year even as expenses related to the launch surged in the fourth. ....

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Foxconn and affiliated firms invest in EirGenix

EirGenix Inc (台康生技) yesterday said it had raised NT$5.03 billion (US$179.47 million) through a private placement with Hon Hai Precision Industry Co’s (鴻海精密) subsidiary Foxconn Technology Co (鴻準精密) and investements by two other firms controlled by Hon Hai founder Terry Gou.
EirGenix, which is a contract development and manufacturing services provider and biosimilars maker, said that proceeds would be utilized in its research and development, expansion of factories and operations integration, the company said in a statement submitted to the Taipei Exchange.
EirGenix has issued 55 million new common shares at NT$91.5 each, after its shareholders approved the share offering on Aug. ....

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China Still Loves Apple, Politics Aside

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities ....

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Should you buy Lordstown Motors shares as its sells a factory to Foxconn?

Should you buy Lordstown Motors shares as its sells a factory to Foxconn?
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