Lordstown Motors sues Foxconn and declares bankruptcy

@ 2023/06/28
Lordstown Motors is having an eventful day, to say the least. The Ohio-based EV startup has filed for Chapter 11 bankruptcy protection in hopes of finding a buyer and is suing its investment partner, Foxconn Technology, for breach of contract and fraud. In its suit, Lordstown claims Foxconn's actions "had the intended effect of destroying the business of an American startup."

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