Lordstown Motors Plummets 60% After Bankruptcy Filing And Foxconn Lawsuit

Lordstown Motors Corp (Nasdaq: RIDE), the U.S. electric truck manufacturer, has filed for bankruptcy protection and initiated the process of selling the company after failing to resolve a dispute over a promised investment from Foxconn, Taiwan’s leading electronics company. This development has led to a significant drop of nearly 60% in Lordstown’s shares in pre-market … Continue reading Lordstown Motors Plummets 60% After Bankruptcy Filing And Foxconn Lawsuit