The troubled electric vehicle maker Lordstown Motors has followed through with its promise to sue Foxconn over a promised investment and filed for bankruptcy.
On June 27, the EV maker filed a legal action against Foxconn, the Taiwanese manufacturer of Apple’s iPhones, while simultaneously filing for Chapter 11 protection in Delaware and put itself up for sale.The Ohio-based manufacturer of the Endurance all-electric pickup truck is looking for a new owner, said the company, after also losing General Motors as an investor in March.
