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Lordstown delays plant sale to Foxconn, needs $150m in capital for production

  • Teslarati faviconTeslarati

    By Joey KlenderMay 9, 2022, 1:19 pm136 pts
    photo of Lordstown delays plant sale to Foxconn, needs $150m in capital for production imageLordstown Motors (NASDAQ: RIDE) announced on Monday it would delay the sale of its Ohio manufacturing plant to Foxconn by four days. The company also stated it would need an additional $150 million in capital to begin boosting production of its initial vehicle, the Endurance, an all-electric pickup truck. The…
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