“Rebranded and Revamped: The Resilience of Lordstown Motors against Foxconn”
A decade ago, both Fisker Automotive and Coda sold themselves off to other buyers in their Chapter 11 restructurings.
Now known as Nu Ride Inc., the reconstituted version of Lordstown Motors will also pursue “potential business combinations,” though it did not say what kinds of mergers it is seeking.
It sold the former General Motors factory it once owned to Foxconn; the assets related to its electric pickup truck were snapped up by Lordstown founder Steve Burns.
Lordstown Motors sued Foxconn in June 2023 when it initially filed for bankruptcy protection.
Lordstown’s lawsuit has more or less been on hold while the Chapter 11 proceedings played out.
