EV maker Lordstown Motors begins bankruptcy embroiled in disputes
By Dietrich Knauth NEW YORK (Reuters) - U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying...
By Dietrich Knauth NEW YORK (Reuters) - U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor groups during its first court appearance. Lordstown filed for bankruptcy protection in Wilmington, Delaware on Tuesday, putting itself up for sale after failing to resolve a dispute over a promised investment from Taiwan's Foxconn.