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You are here: Home / News / Lordstown Motors Files For Bankruptcy, Sues Partner Foxconn

Lordstown Motors Files For Bankruptcy, Sues Partner Foxconn

June 27, 2023 By CollisionWeek Editor

Files lawsuit against Foxconn that alleges fraud and repeated contractual breaches.

Electric vehicle (EV) startup Lordstown Motors Corp. (NASDAQ:RIDE), and it was filing for chapter 11 bankruptcy protection to begin a strategic restructuring process and a lawsuit again its strategic partner the iPhone manufacturer Foxconn. The company is seeking a buyer for its Endurance all-electric pickup truck.

Lordstown today filed litigation against global technology company Hon Hai Technology Group (TWSE: 2317; LSE:HHPD) and some of its affiliates, including Foxconn Ventures Pte. Ltd. in the United States Bankruptcy Court for the District of Delaware. Lordstown Motors filing alleges fraud and Foxconn’s

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Filed Under: News Tagged With: Bankruptcy, Foxconn, Lawsuits, Lordstown Motors

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