Lordstown Motors Files for Bankruptcy and Sues Foxconn, Selling Endurance Vehicle.
TL;DR Summary
Lordstown Motors, the electric pickup truck company that purchased a shuttered General Motors factory in Ohio, has filed for bankruptcy protection due to a dispute with major investor Foxconn. The company struggled with development setbacks and management changes, and never managed to make or sell many trucks. Lordstown had hoped to produce an innovative truck that used electric motors on each of its wheel hubs, but ran into difficulty turning its idea into a vehicle that it could mass produce.
- Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy The New York Times
- Lordstown Motors Files for Bankruptcy and Sues Foxconn The Wall Street Journal
- Tesla Rival Goes Bankrupt | Rockdale Newton Citizen The Street Content | rockdalenewtoncitizen.com Rockdale Newton Citizen
- Lordstown Motors files for bankruptcy and sues Foxconn; will sell Endurance vehicle WKBN.com
- EV Startup Lordstown, Once an Ohio Town's Savior, Files for Bankruptcy The Wall Street Journal
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