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

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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%.

 

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