Bye-bye Lordstown Motors

[Speedy]

https://www.washingtonpost.com/business/...UOtjkjND9Q&itid=gfta

“The electric truck maker Lordstown Motors filed for Chapter 11 bankruptcy protection Tuesday and sued business partner Foxconn for allegedly reneging on an investment deal, delivering a blow to a venture that Donald Trump hailed during his presidency as a boon for Ohio.

The actions followed several years of trouble at Lordstown, which managed to produce only 65 of its Endurance pickups since the company’s 2018 founding and its takeover of a former General Motors factory in Lordstown in northeastern Ohio.

In its bankruptcy filing, Lordstown said it will pursue a sale of its assets and reduce its 243-person staff to a skeleton crew able to oversee the sale and complete previously ordered vehicles.”

[Acer]

I drive by that facility on occasion. It is massive. A shame to see that much manufacturing capacity in mothballs.

[ztirffritz]

Foxcon owns the facility. They have their own EV ambitions. I think they intentionally drove Lordstown into the ground.

[steve...]

Too bad, not a bad looking truck.

[archipirata]

I grew up a couple miles from the plant. Half the kids I went to school with had parents that worked there. I always remember driving by the plant and waiting for mile long trains to go by full of nothing but Chevy vans.

When I was in high-school (80s) it was very common for peoples' cars to be seriously vandalized if it was from any non-U.S. maker.

[cbelt3]

There is nothing magical about a manufacturing building. The magic is in the people and intelligence that creates the processes and tools and machines. A pity for the community though.

[gabester]

Foxconn is a blight on the US... first the Wisconsin fiasco now this.

Apple should get their supplier in line.

Why anyone would choose to do business with such an entity is beyond me.

[GGD]

cbelt3 wrote:
There is nothing magical about a manufacturing building. The magic is in the people and intelligence that creates the processes and tools and machines. A pity for the community though.

Shouldn't there sometimes be some magic from "Location, Location, Location"? Like being close to major modes of transportation, like Interstate Highways, a freight rail line, a sea port, or a cargo airport.

Raw materials need to arrive and finished goods need to leave.

[August West]

cbelt3 wrote:
There is nothing magical about a manufacturing building. The magic is in the people and intelligence that creates the processes and tools and machines. A pity for the community though.

I'm gonna give it up to you for still believing in magic, belty. My last few weeks almost have me giving up on it.

[JPK]

Didn't see that coming. Just kidding! I saw that coming they day they announced the company.

JPK