Manufacturing

Lordstown to sell Ohio plant to Foxconn in $280 million deal; U.S. loan will be sought

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By:
From wire reports
October 01, 2021 10:52 AM

Lordstown Motors Corp. agreed on Thursday to partner with Foxconn Technology Group in a $280 million deal that has the startup selling its former General Motors factory in Ohio to the Taiwanese company in exchange for cash while also receiving an equity investment.

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