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Coverage dated April 30, 2023

Lordstown Motors Warns of Bankruptcy if Unable to Resolve Foxconn Dispute

Headline from Wall Street Journal

Foxconn said the EV startup breached a contract by letting its stock slide, and it threatened to walk away from the funding deal.

Wall Street Journal's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

8 articles, oldest first.

  1. Jalopnik

    Lordstown and Foxconn Are Pointing Fingers at Each Other as Bankruptcy Looms (opens Jalopnik)

    Published

    Jalopnik's feed description

    Lordstown says Foxconn is withholding promised funding that would stave off bankruptcy. Foxconn is saying getting kicked off NASDAQ wasn't part of their deal.

  2. Wall Street Journal

    Lordstown Motors Warns of Bankruptcy if Unable to Resolve Foxconn Dispute (opens Wall Street Journal)

    Published

    Wall Street Journal's feed description

    Foxconn said the EV startup breached a contract by letting its stock slide, and it threatened to walk away from the funding deal.

  3. InsideEVs

    Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding (opens InsideEVs)

    Published

    InsideEVs's feed description

    Foxconn's decision was rushed by a Nasdaq warning to Lordstown that its stock may be delisted after falling below a minimum $1 per share for 30 straight days.

  4. Courthouse News Service

    Lordstown warns it may fail as investor Foxconn gets jumpy (opens Courthouse News Service)

    Published

    Courthouse News Service's feed description

    Lordstown is in danger of being delisted from the Nasdaq because its share price closed below $1 on March 7 and it has not recovered since.

  5. CNN

    Lordstown Motors stock plunges after dispute with investor Foxconn (opens CNN)

    Published

    CNN's feed description

    Shares of electric truck maker Lordstown Motors dropped more than 40% in Monday trading and ended the day down 23%, after the company disclosed that Foxconn, its major investor and the company that is helping to build its trucks, said it wants to back out of making further investments.

  6. Triblive

    Lordstown Motors warns of bankruptcy as Foxconn deal unravels (opens Triblive)

    Published

    Triblive's feed description

    Lordstown Motors Corp. may be forced to cease operations and file for bankruptcy after manufacturing giant Foxconn told the electric-vehicle company that it’s prepared to pull out of a production partnership.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Lordstown Motors Warns of Bankruptcy if Unable to Resolve Foxconn Dispute | Since Then