Lordstown Motors Corp., the electric-truck startup that acquired an Ohio car factory from General Motors Co., is near an agreement to sell the highly politicized plant to Taiwan’s Foxconn Technology Group after owning it less than two years, people familiar with the matter said.
The companies are set to announce the deal as soon as this week, said the people, who asked not to be named as the transaction isn’t yet public. They didn’t disclose its value. Lordstown Motors struck a deal with GM in late 2019 to buy the plant the automaker had founded in 1966.
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September 30, 2021 at 11:28AM
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Lordstown Nears Deal to Sell Ohio Car Plant to Taiwan's Foxconn - Bloomberg
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