Foxconn Nears Purchase of Ohio Factory From EV Startup Lordstown Motors
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Can Silicon Valley resuscitate the Rust Belt?
Just two years after acquiring a shuttering GM factory in Ohio, struggling electric-vehicle start-up Lordstown Motors is already poised to sell the plant — and the dream of bridging the old-world auto industry with new-world technology. The likely buyer? Foxconn, according to reports out Thursday.
Source Fool.com
