Foxconn Nears Purchase of Ohio Factory From EV Startup Lordstown Motors

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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.

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Source Fool.com