Foxconn failing its Lordstown fulfillment +

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Mar 20, 2022, 4:56:04 AMMar 20
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Foxconn failing to quickly fulfill assurances could spell disaster for its partner in Ohio
2022/03/04 ... the company earlier this week said that it expected to produce just 3,000 of its flagship “Endurance” electric trucks before the end of 2023. That’s a paltry figure for a company that has to compete with giants like General Motors and Ford — who are investing massively in electric trucks — as well as startups flush with cash ...

GM bails/drops Lordstown
Struggling EV startup Lordstown Motors loses GM as investor
March 1, 2022 ...Lordstown told ... it needed to raise another $250 million in order to build the 500 trucks ...
General Motors no longer invests in Lordstown Motors
March 1, 2022 ... GM confirmed ... that it sold its stake in Lordstown ...

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