Lordstown reports $90 million loss and no progress on Foxconn deal

Lordstown Motors, the long-suffering battery-electric truck maker, said in a filing with the U.S. Securities and Exchange Commission on Monday that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern.
Under the terms of the agreement, Taiwanese tech supplier Foxconn will buy for $230 million the former GM Assembly plant where Lordstown plans to produce its first vehicle, the all-electric Endurance pickup truck, and reimburse Lordstown for operating and expansion costs incurred since September 1.
Lordstown said in the f

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