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Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns for $10.2 million. LAS Capital, majority-owned by Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for electric vehicle motors and batteries. U.S. Bankruptcy Judge Mary Walrath approved the sale at a court hearing in Wilmington, Delaware, saying it was the best available offer. ....
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