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Lordstown Motors warns it is in danger of going out of business
www.cleveland.com ^
| May. 01, 2023, 4:17 p.m.
| Staff
Posted on 05/02/2023 6:42:37 AM PDT by Red Badger
Edited on 05/02/2023 10:30:51 AM PDT by Jim Robinson.
[history]
LORDSTOWN, Ohio - Lordstown Motors warned that it is in danger of failing as the electronics company Foxconn wavers on a $170 million investment in the commercial electric vehicle startup.
The Ohio company said in a regulatory filing on Monday that it had received notice from Foxconn on April 21 that it was in breach of their investment agreement because it had gotten a delisting warning from Nasdaq two days earlier.
(Excerpt) Read more at cleveland.com ...
TOPICS: Business/Economy; History; Military/Veterans; Travel
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To: Red Badger
Surely Joe will ride in and rescue them.
2
posted on
05/02/2023 6:44:12 AM PDT
by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: Red Badger
To: Red Badger
Oh well.
There were literally thousands of car companies in the beginning before eventually things shook out and it went down to about 5.
4
posted on
05/02/2023 6:49:20 AM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Red Badger
Lordstown Endurance EV pickup
5
posted on
05/02/2023 6:54:04 AM PDT
by
COBOL2Java
(Gun laws empower criminals. Guns empower the people.)
To: Red Badger
6
posted on
05/02/2023 6:54:33 AM PDT
by
brownsfan
(It's going to take real, serious, hard times to wake the American public.)
To: Red Badger
But EVs are our future. There is insatiable consumer demand!
7
posted on
05/02/2023 6:54:49 AM PDT
by
ProtectOurFreedom
(I don’t like to think before I say something...I want to be just as surprised as everyone else…)
To: ProtectOurFreedom
But EVs are our future.And always will be.
8
posted on
05/02/2023 6:55:03 AM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Red Badger
“ one potential buyer that committed to a large number of preorders didn’t appear to have the resources to complete that transaction”
FJB, Post Office and DOD to the rescue!
9
posted on
05/02/2023 6:55:56 AM PDT
by
ProtectOurFreedom
(I don’t like to think before I say something...I want to be just as surprised as everyone else…)
To: butlerweave
At this rate, you might never!...................
10
posted on
05/02/2023 6:56:47 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
It would be prudent to short all woke green industries.
To: Red Badger
How the hell does a company who’s most likely end game was failure from the start and hasn’t sold a single product even get an IPO on a major stock exchange in the first place?
I feel for Lordstown. GM pullout was long time coming but still another fly over town abused and abandoned
To: Red Badger
Yet one more example of the Youngstown area chasing a PIPE DREAM trying to reinvent themselves. Ever since steel mills closed in 1977 they have chased cars, blimps, mini-mills, etc. all with dismal results. Lots and Lots of wasted government grant money.
YES, they have voted DEMOCRAT for the last 50yrs that I have seen.
13
posted on
05/02/2023 7:00:45 AM PDT
by
OHPatriot
(Si vis pacem, para bellum)
To: Red Badger
Unless I’m mistaken, that facility used to be a GM Assembly Division plant.
14
posted on
05/02/2023 7:01:21 AM PDT
by
Bloody Sam Roberts
(You can never have enough clamps. Thanks Ben.)
To: Bloody Sam Roberts
15
posted on
05/02/2023 7:02:39 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: COBOL2Java
16
posted on
05/02/2023 7:03:32 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: COBOL2Java
An EV pickup named ENDURANCE. How’s that for false branding?
17
posted on
05/02/2023 7:10:45 AM PDT
by
citizen
(Put all LBQTwhatever programming on a new subscription service: PERV-TV)
To: Red Badger
Back in the late 50s, my father was a Foreman at the Norristown, OH GMAD. He was offered a new position as a Gen. Foreman at Lordstown or the newer GMAD in Framingham, MA. He chose Framingham because he wanted to be close to the sea.
I sometimes wonder where I'd be today had he chosen Lordstown.
18
posted on
05/02/2023 7:17:00 AM PDT
by
Bloody Sam Roberts
(You can never have enough clamps. Thanks Ben.)
To: HamiltonJay
19
posted on
05/02/2023 7:17:20 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Bloody Sam Roberts
Unemployed.......................
20
posted on
05/02/2023 7:17:59 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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