Lordstown Motors RIDE files for bankruptcy, sues Foxconn

Lordstown Motors RIDE files for bankruptcy, sues Foxconn - John Rosevear@IN/JROSEVEAR@JOHN__ROSEVEAR 

"Lordstown Motors files for bankruptcy, sues Foxconn over $170 million funding deal
KEY POINTS

• Lordstown Motors filed for Chapter 11 bankruptcy protection early Tuesday.
• Lordstown also sued Taiwanese contract manufacturing giant Foxconn, alleging that it breached a deal to provide the EV startup with additional funding.
• Foxconn, which bought Lordstown’s Ohio factory for $230 million last year, said it had been proceeding in good faith, but it will now consider legal action of its own...