Lordstown Motors, Tesla Rival, Files for Bankruptcy and Sues Foxconn.

Lordstown Motors, an electric truck manufacturer, has filed for bankruptcy protection after a deal with Taiwan's Foxconn fell apart. Lordstown accused Foxconn of failing to "execute on the agreed-upon strategy," leaving bankruptcy as the only option. Lordstown is suing Foxconn as part of the bankruptcy filing, alleging fraudulent conduct. Foxconn denied the allegations and accused Lordstown of making "malicious attacks." Lordstown is the highest-profile casualty among the wave of electric vehicle manufacturers established over the past decade.