EPISODE · Jul 31, 2023 · 2 MIN
LISTEN: Lawsuit to Hamper Lordstown's Bankruptcy Plan
from IEN Radio · host Eric Sorensen
The Ohio based EV company recently revealed that a partnership with Foxconn that intended to save it would actually result in bankruptcy.But it’s how quickly that bankruptcy is permitted to take place that’s now the issue at hand.After a fumbling Lordstown took a lifeline from Taiwan-based electronics company Foxconn, it was with the plan that two partners would advance the development and production of the Lordstown Endurance pickup truck. Instead, a disagreement between the two sides over funding led to a public spat, some lawsuits and, ultimately, Lordstown’s filing for Chapter 11.
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LISTEN: Lawsuit to Hamper Lordstown's Bankruptcy Plan
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