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.


Today's breaking news and more in your inbox

I'm interested in (please check all that apply)
Are you a paying subscriber to the newspaper? *


Starting at $4.62/week.

Subscribe Today