Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Lordstown Motors Corp s (RIDEQ) CEO and CFO tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
The stock first went on sale in April of 2019 and sold for $9.74 per share. It soared as high as $29.01 by September 18, 2020, but after many delays and recent recalls on the Endurance truck, the stoc
Foxconn has started building EVs and expects to complete 50 pickups by the end of the year. The vehicles are being made at a factory in Lordstown, Ohio
Major iPhone assembler Hon Hai Precision Industry Co (鴻海精密) yesterday said revenue this year is expected to remain flat from last year due to lingering component shortages and a higher comparison base.
This year would be challenging for the company, as COVID-19 flare-ups around the world, high inflation and escalating geopolitical conflicts are expected to reduce consumers’ purchasing power, Hon Hai said.
The Russia-Ukraine war has not caused significant disruptions in component supplies, but it has led to an increase in energy and commodity prices, and manufacturing costs, as well as inflationary pressures, it said.
Higher manufacturing costs are likely to reduce Hon
Fearing it has already fallen behind neighboring Indiana and Michigan, the Ohio House has voted overwhelmingly to create a 10-member commission to help drive electric vehicle production in the state.