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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
Isn’t Foxconn a Chinese company? Does anyone think there might be an outcome of default to their madness? They really aren’t our besties anymore.
21
posted on
05/02/2023 7:20:47 AM PDT
by
lucky american
(Progressives are attacking our rights and y'all will sit there and take it.)
To: lucky american
22
posted on
05/02/2023 7:23:19 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
When lordstown (no capitals on purpose) was a gm plant, the work crew were awful, quality control was non existent, the workforce was the most militant of any gm plant.
I hated having to work in that plant.
When gm closed that plant I went outside and screamed with joy.
The same workforce infected this new plant.
23
posted on
05/02/2023 7:31:09 AM PDT
by
joe fonebone
(And the people said NO! The End)
To: Red Badger
Just wondering how many dollars in tax abatements were granted and money stolen from Ohio taxpayers for empty promises of jobs that never materialized.
To: Bloody Sam Roberts
It was. Small-platform cars, last was the Chevy Cruze.
25
posted on
05/02/2023 7:56:15 AM PDT
by
Spacetrucker
(George Washington didn't use his freedom of speech to defeat the British - HE SHOT THEM .. WITH GUNS)
To: joe fonebone
Same dipshits that continuously re-elected Trafficant and his ilk.
26
posted on
05/02/2023 7:59:04 AM PDT
by
Spacetrucker
(George Washington didn't use his freedom of speech to defeat the British - HE SHOT THEM .. WITH GUNS)
To: Red Badger
I’m guessing the warranty was gonna be “10 years or bankruptcy...whichever comes first”?
27
posted on
05/02/2023 8:10:32 AM PDT
by
moovova
("The NEXT election is the most importan.t election of our lifetimes!“ LOL...)
To: Red Badger
28
posted on
05/02/2023 8:30:06 AM PDT
by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: HamiltonJay
“get an IPO on a major stock exchange in the first place”
SPAC ...
29
posted on
05/02/2023 8:31:22 AM PDT
by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: catnipman
Somebody should be going to prison......................
30
posted on
05/02/2023 8:32:25 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: joe fonebone
I heard that that plant had the highest call off rate as well as bad QC and that was a big reason the plant was shut down
31
posted on
05/02/2023 8:37:36 AM PDT
by
dis.kevin
(Dry white toast)
To: dfwgator
32
posted on
05/02/2023 8:39:48 AM PDT
by
MotorCityBuck
(Keep the change, you filthy animal! )
To: dfwgator
I guess the Endurance was destined to last very long. Kind of Ironic
33
posted on
05/02/2023 8:43:16 AM PDT
by
shotgun
To: citizen
Like the Chevy “Nova”, in Spanish “No va” means “Don’t Go”.
34
posted on
05/02/2023 8:48:48 AM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: catnipman
Who was the shell company already on the exchange ?
To: COBOL2Java
EV Crap Failure
Get used to it
36
posted on
05/02/2023 9:23:58 AM PDT
by
NWFree
(Sigma male 🤪)
To: COBOL2Java
Looks like a converted F-150
37
posted on
05/02/2023 10:01:38 AM PDT
by
Rappini
(Hope means coming in second.)
To: HamiltonJay
DiamondPeak Holdings Corp.
38
posted on
05/02/2023 10:16:09 AM PDT
by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: COBOL2Java
That is one unattractive truck. Hard to believe those didn’t sell. /s
39
posted on
05/03/2023 12:29:48 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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