Lordstown President Rich Schmidt previously said purchase agreements for its Endurance pickup truck were firm commitments.

The US attorney's office in Manhattan is looking into the company, the Wall Street Journal reported. The Securities and Exchange commission is also probing the EV startup.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Foxconn's massive Northeast Ohio ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A jury determined Kansas City ...

Taiwan-based Foxconn has struck a deal to sell its former car factory in Lordstown, Ohio, for $375 million to an “existing business partner.” The sale includes the site’s buildings, land, equipment ...

The mystery buyer of the former General Motors factory owned by Foxconn in Lordstown, Ohio, is apparently SoftBank, according to Bloomberg News. SoftBank wants to use the factory to build AI servers ...

Forbes contributors publish independent expert analyses and insights. I am an MIT Senior Fellow & Lecturer, 5x-founder & VC investing in AI There’s an interesting wrinkle in international business ...

A new chapter is turning in Lordstown. It’s one that could not have been written without the perseverance, vision and collaborative spirit of an entire community. Foxconn’s announcement to sell its ...

IndustryWeek editors cover those stories, plus the challenge of Scope 3 emissions and a call for USMCA comment in our bi-weekly roundup. The ghost of Lordstown Motors Corp. lives on for now. The ...

LORDSTOWN — Lordstown Motors Corp., which has twice now warned it may not survive the next year without additional financing, is trying to arouse the interest of potential buyers for its Endurance by ...