Lordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the... Lordstown indicates Foxconn may be backing out of deal
Lordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the...