The electrical truck maker Lordstown Motors filed for Chapter 11 chapter safety on Tuesday and put its belongings up on the market. It additionally sued Foxconn, accusing the Taiwanese producer of not holding up its finish of a growth deal.
The 2 firms had entered right into a strategic partnership through which Lordstown had agreed to divest its manufacturing facility in Ohio. In flip, Foxconn would facilitate a car growth program, leaning on its huge international provide chain community.
