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Fri. 10:31 a.m.: Lordstown Motors threatens to sue Foxconn

LORDSTOWN – Electric-vehicle startup Lordstown Motors Corp. is threatening to sue Foxconn if the Taiwanese electronics company doesn’t make good on part of a $170 million investment agreement, funding the EV maker has said is critical to its survival.

According to a regulatory filing today, Lordstown Motors “intends to enforce its rights through litigation” if a “prompt resolution” with Foxconn isn’t achieved over closing on about $47.3 million in Lordstown Motors’ Class A common stock.

Read more on this story in Saturday’s print edition of The Vindicator or online at www.vindy.com.

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