Transport Topics (May 10, 2022) - Transport Topics

What this episode covers

Electric truck startup Lordstown Motors has pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn by four more days to May 18. This marks the second delay of a deal that had originally been set to close last month. If it isn’t finalized by May 18 and the deadline isn’t extended, Lordstown would have to pay back $200 million in down payments — and has said it does not have the cash to do so. The two companies are working to complete their agreement, which also includes a contract manufacturing arrangement with Foxconn and plans for joint development of future vehicles. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Frequently Asked Questions

How long is this episode of Transport Topics?

This episode is 3 minutes long.

When was this Transport Topics episode published?

This episode was published on May 10, 2022.

What is this episode about?

Electric truck startup Lordstown Motors has pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn by four more days to May 18. This marks the second delay of a deal that had originally been set to close last month. If it...

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