Thursday, September 30, 2021

Foxconn Buying Old GM Cruze Plant

Interesting move here.

Taiwan's Foxconn Technology Group, the world's largest electronics manufacturer, is nearing a deal to purchase the electric truck startup Lordstown Motors Corp.'s Ohio plant, according to Bloomberg. The deal could be announced by the end of the week. ...

Hmmmmm.  Lordstown Motors makes electric trucks--and it is very short on cash.

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