Electric-truck maker Lordstown Motors Corp. said Thursday it plans to sell its auto factory in Ohio to contract assembler Foxconn Technology Group, marking a major pivot for the cash-strapped startup as it works to bring its first pickup to market.
The two companies have entered into a nonbinding agreement for Lordstown to sell the facility and property, with the exception of certain assets, for a purchase price of $230 million, said Lordstown Motors Chief Executive Daniel Ninivaggi.
Please talk to Wisconsin first. Why is con a prominent part of their name?
So what happened to Wisconsin?
If you own something you can sell for $230 million, you are not “cash-strapped.”
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Taliban are using the exact words of Pakistan army as their motto: Faith, Piety, Jihad Afghan National Army’s motto was: God, Homeland, and Duty SanctionPakistan
wow
Lordstown is now a real estate company
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