Lordstown seeks buyer amid Foxconn fiasco; no takers so far

Lordstown CEO Edward Hightower: "I think the Chapter 11 process and the fact that it expedites everything will get interested parties" to take a look. (Lordstown Motors)

June 30, 2023 04:42 PM

Lordstown Motors, an electric pickup startup that has faced down fraud allegations, leadership shake-ups, cash shortages and recalls in a yearslong game of whack-a-mole, is trying to extinguish its most formidable opponent yet — bankruptcy.

Featured Stories

Why steel and aluminum tariffs are keeping auto suppliers up at night

Dealership buy-sell database updates: Top 150 groups among buyers, sellers in deals across 6 states

Outgoing Lincoln chief: Luxury brand’s future focused on wellness

GM, Honda lead February EV gain with fresh U.S. models as Tesla, Rivian slip

Latest News

Porsche, Audi issue 2 recalls covering more than 50,000 U.S. vehicles

Ally feels strong in the face of tariff uncertainty

Top 5 Canadian auto stories this week: Mazda’s tariff moves; Honda’s Canada commitment; more

Wall Street titan Bill Ackman makes big bet on Hertz becoming tariff winner

Staying current is easy with newsletters delivered straight to your inbox.

See More in Manufacturing

Top 5 Canadian auto stories this week: Mazda’s tariff moves; Honda’s Canada commitment; more

Top 5 stories of the week: Dispute over tariff costs among GM suppliers threatens pickups

Why steel and aluminum tariffs are keeping auto suppliers up at night

Auto brands in Canada holding off on tariff-era price hikes, but signal that won’t last

Staying current is easy with newsletters delivered straight to your inbox.