Lordstown Motors

Lordstown Motors will issue a reverse stock split, a last-ditch move meant to pull the EV automaker out of the penny stock doldrums and salvage a deal with Taiwanese manufacturer Foxconn. The stock fe

Beleaguered EV company Lordstown Motors seemed to have found a financial savior in Foxconn, the Taiwanese manufacturer best known for making iPhones for Apple. But now, with that relationship falterin

Lordstown Motors is at risk of failing — again. The EV startup that went public via a SPAC merger cautioned investors Monday that it may be forced to file for bankruptcy because Foxconn may pull out

Lordstown Motors has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year. Lordstown Motors, which has experienced i

Taiwanese manufacturer Foxconn is increasing its investment in EV startup Lordstown Motors by buying $170 million in common stock and newly created preferred shares. Once the deal is complete, Foxconn

Taiwanese electronics manufacturer Foxconn has begun production of Lordstown Motors’s electric pickup truck. The news, which Bloomberg grabbed first, is a milestone for both companies: Foxconn a

Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance r

Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,

Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business. Electric Last Mile Solut

Fisker and Foxconn said Thursday they will partner to build Fisker’s second all-electric model, the PEAR Urban Lifestyle EV, in Ohio now that Foxconn has purchased the former Lordstown Motors plant.

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Lordstown Motors said in a filing with the SEC that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern.

The deal comes at a time when companies that took the SPAC route are facing increasing regulatory scrutiny in the U.S.

If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.

The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.

General Motors sold its stake in Lordstown Motors, an electric vehicle startup that has struggled to get its first vehicle, the electric pickup truck Endurance, to production, reports the Detroit Free

Electric light-duty truck manufacturer Lordstown Motors has officially sold its 6.2-million-square-foot Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturing company best known for

Foxconn will build electric vehicles for Lordstown Motors as well as its other partner Fisker Inc. at a former GM factory in Ohio, under an agreement announced Thursday. Lordstown Motors, the beleague

EV startup Lordstown Motors made headlines when it purchased a 6.2 million-square-foot factory from General Motors in 2019. Now, it looks like the strapped-for-cash startup will likely sell that facil

Lordstown Motors has hired Daniel A. Ninivaggi, a longtime automotive executive and former head of Carl C. Icahn’s holding company, as CEO and a board member. The appointment follows months of t