EV Maker Lordstown Motors Announces Chapter 11
Files Complaint Against Foxconn that Details Fraud, Bad Faith and Repeated Contractual Breaches Leading to Value Destruction Commences Comprehensive Sale Process for Endurance Truck and Related EV Assets Files Chapter 11 to Implement Restructuring in Efficient Manner Company is Debt-Free and Continues to Operate with Significant Cash-on-Hand LORDSTOWN, Ohio, June 27, 2023 -- Lordstown Motors Corp. , ("Lordstown" or the "Company"), an original equipment manufacturer (OEM) of electric light-duty vehicles focused on the commercial fleet market, today announced a strategic rest...
Source: theautochannel.com
