Remember when trump and Pence were taking credit for EV maker Lordstown Motors

[Beachnutt]

Lordstown Motors files for bankruptcy protection and sues Foxconn

marketwatch
Electric vehicle maker Lordstown Motors on Tuesday filed for bankruptcy protection and said it’s suing former partner Foxconn.

Lordstown said it’s filing for Chapter 11 bankruptcy protection as it accused Foxconn of fraud, bad faith and contract breaches.
snip
https://www.marketwatch.com/story/lordstown-motors-files-for-bankruptcy-protection-and-sues-foxconn-14c32d8f

https://m.

Everything the conman touches turns to shit.

[John1956PA]

1. The plant is 30 miles west from my town. LMC basically sold to FoxConn.

FoxConn is a Chinese holding company. The May 2012 deal was intended to have FoxConn fund the operations at Lordstown while LMC managed production of the EVs. That deal has fallen apart. Today, LMC has filed for Chapter 11 protection. It will have to find a new backer in order to get itself in position to continue production of electric vehicles at the plant.

[Liberal In Texas]

2. Never heard of them.

Possibly because they never actually produced anything.

Lordstown Motors launched production of its Endurance pickup truck in the third quarter of 2022. In February 2023, the company issued a recall and halted production of the vehicle to address an electrical-connection issue that could lead to a loss of propulsion while driving. -Wiki

Then there's this:

GM Sells Lordstown Motors Stock, Walks Away From Electric Truck “Maker” Calling Lordstown Motors a carmaker when they haven’t delivered any cars — and the one racecar they built to “prove themselves” ended in a very public, very objective failure — feels like a bit of a stretch. Nevertheless, the would-be carmaker has been hailed as a potential savior for the town of Lordstown, Ohio, and many people in the area hope the company succeeds. Success, of course, means jobs, which the region desperately needs. In an apparent vote of no confidence, GM has reportedly sold its 5% stake in Lordstown on the open market, according to GM Spokesperson Jim Cain. https://cleantechnica.com/2022/03/02/gm-sells-lordstown-motors-stock-walks-away-from-electric-truck-maker/

.webp

[Initech]

7. Ouch. You know things are bad when they put "maker" in quotation marks.

[sarcasmo]

3. FOXCONN is shady A/F. Look up FOXCONN and Wisconsin.

[Beachnutt]

4. The name fits....

FOX CON

[themaguffin]

5. That sucks. The Youngstown area can't catch a break.

[Firestorm49]

6. Oh mercy, the Foxconn name surfaces yet again, with the expected negative press.

Skippy Walker gave WI a dose of fraud with his Foxconn catastrophe. PA had had their dose, and the saga of Foxconn continues. How they can be allowed to function in this country is a travesty. Agreements? Phooey! Contracts expected to be fulfilled as promised? Balderdash!

Foxconn cost WI taxpayers a schmidtload of money and yet there are no repercussions. Let’s see how the Lordstown fiasco plays out.