Lordstown Motors warns of bankruptcy after Foxconn threatens to walk away from crucial funding deal

After buying Lordstown's factory last year, Foxconn agreed to invest an additional $170 million. That deal is now in jeopardy, the embattled startup said.

May 1, 2023 - 20:00
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Lordstown Motors warns of bankruptcy after Foxconn threatens to walk away from crucial funding deal
After buying Lordstown's factory last year, Foxconn agreed to invest an additional $170 million. That deal is now in jeopardy, the embattled startup said.

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