Lordstown Motors warns it is in danger of going out of business

  • 📰 clevelanddotcom
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Lordstown Motors warned that it is in danger of failing as the electronics company Foxconn wavers on a $170 million investment in the commercial electric vehicle startup.

LORDSTOWN, Ohio -

Lordstown is in danger of being delisted from the Nasdaq because its share price closed below $1 on March 7 and it has not recovered since. Other EV manufacturers were dragged lower. Nikola, Fisker and Lucid dropped between 6% and 9%. Tesla fell 2%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 301. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines