Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Zenger

Business

Shanthi Rexaline

Lordstown Files For Bankruptcy As Foxconn Deal Sours

Foxconn Lordstown United States Zenger News

A stock graph seen on a laptop screen. Shares of beleaguered electric vehicle startup Lordstown plummet. Photo by TECH DAILY/ UNSPLASH

Shares of beleaguered electric vehicle startup Lordstown, Inc. (NASDAQ:RIDE) are plunging in premarket trading on Wednesday.

The Lordstown, Ohio-based company said it has opted to file for Chapter 11 bankruptcy protection even as it goes ahead with litigation against its manufacturing partner Hon Hai Precision Manufacturing Company Limited, popularly called Foxconn, in the U.S. Bankruptcy Court for the District of Delaware.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Gunman opens fire from car in Trappes and Verrière, killing one and injuring five others, including a 12-year-old girl

The Guardian - UK

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

The terms of the agreement eliminates the previous eligibility requirements, which had ranged from USWNT minutes to appearances on marketability lists

The Guardian - US

Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra, SEIU unions, and AOC are flooding Bakersfield in CA-22's final stretch in a race that could reshape House control.

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

Rep. David Valadao voted to slash Medicaid, giving Democratic challenger Randy Villegas an opening as voters focus on affordability and health care access.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

The resignation comes after the release of bodycam footage that raised questions about the police's handling of the incident.

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region has led to water rescues and impassable roads

The Independent UK

Related Stories

Top stories on inkl right now

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Macron condemns racism after one killed in ‘terrorist’ shooting near Paris

Gunman opens fire from car in Trappes and Verrière, killing one and injuring five others, including a 12-year-old girl

The Guardian - UK

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

NWSL drops controversial criteria around ‘Rodman Rule’ in settlement with NWSLPA

The terms of the agreement eliminates the previous eligibility requirements, which had ranged from USWNT minutes to appearances on marketability lists

The Guardian - US

Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra and SEIU Target Valadao's Medicaid Vote as CA-22 Becomes the Fall's Hottest Race

Becerra, SEIU unions, and AOC are flooding Bakersfield in CA-22's final stretch in a race that could reshape House control.

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

In Medicaid-Dependent Central Valley, Cuts Pose Political Risk for Six-Term Congressman

Rep. David Valadao voted to slash Medicaid, giving Democratic challenger Randy Villegas an opening as voters focus on affordability and health care access.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

The resignation comes after the release of bodycam footage that raised questions about the police's handling of the incident.

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region triggers rooftop rescues and evacuation orders

Severe flooding in the Four Corners region has led to water rescues and impassable roads

The Independent UK

Our Picks

“Like We’re Peasants”: Jenna Ortega Enrages Her Fans After Revealing How She Feels About Interacting With Them

Jenna Ortega has angered some fans after opening up about the pressure of meeting them and explaining why she doesn't always feel comfortable stopping for photos.

Raw vs fresh: Is this brand's 'Michelin Dog Star' food worth the hype?

Billed as the nation’s top-rated dog food, here’s why your pet might be better off eating human-grade ingredients

Evening Standard

McDonald’s confirms return of beloved menu item — here’s what to know

Menu item will be available in certain states starting October 27

The Independent UK

'I Want To Mind My Business': A$AP Rocky Jokes 'It Was Hell' at Home After Teasing Rihanna's Music

A$AP Rocky joked that life at home was "hell" after revealing Rihanna was recording music, but declined to explain what consequences followed his August disclosure.

International Business Times UK

Cardi B Criticises Listeners for Expecting Her To Mention Nicki Minaj as a Female Rap Influence

Cardi B addresses criticism for omitting Nicki Minaj from her list of rap influences, explaining how childhood favourites shaped her musical identity.

International Business Times UK

'We're Disgusted': Ethan Klein Dropped by H3 Podcast After Hila Klein Reveals Cheating Allegations

The H3 Podcast crew says it will no longer work with Ethan Klein after Hila Klein alleged he had an affair lasting more than six months.

International Business Times UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play