Fisker Files for Bankruptcy Protection
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.
Former CEO Buys Lordstown Motors’ Assets for $10 Million
CLEVELAND, Ohio — The former CEO of Lordstown Motors Corp. has bought the company’s assets for $10 million, according to documents filed with the U.S. Securities and Exchange Commission.
Lordstown Settles Karma Lawsuit for $40 Million
Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.
Lordstown Ordered to Face Trial Despite Bankruptcy
A Delaware judge permitted vehicle maker Karma Automotive to move forward with an upcoming trial in California against Lordstown Motors Corp. despite Lordstown's filing for bankruptcy.
Lordstown Motors Files for Bankruptcy Protection
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.
Lordstown Motors to Sue Foxconn Over Stalled Investment
Lordstown Motors Corp. intends to sue backer Foxconn Technology Group as the companies remain at odds over a stalled investment in the EV startup.
Foxconn’s Dispute With Lordstown Shows Souring EV Sentiment
Foxconn hasn’t made good on its pledge to acquire enough Lordstown shares to build an 18.3% stake in the company, and now a dispute threatens to sink the electric vehicle startup.
Lordstown Lines Up Amerit for Commercial Fleet Support
Amerit Fleet Solutions will provide service and maintenance for commercial fleet customers of U.S.-based electric vehicle manufacturer Lordstown Motors, the companies said April 18.
April 21, 2023Foxconn Starts EV Production in US With First Lordstown Pickups
Taiwan’s Foxconn Technology Group has started building electric vehicles for Lordstown Motors Corp., a milestone as the company better known for making iPhones diversifies its operations.
Foxconn Completes Acquisition of Lordstown Factory
Taiwan’s Foxconn Technology Group completed a transaction with Lordstown Motors Corp. to acquire the electric truck startup’s Ohio factory for $230 million and take over production of its Endurance pickup truck, a critical step as the iPhone manufacturer seeks to diversify into electric vehicles.