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Foxconn just bought Lordstown Motors

The Spin Meister

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Nov 27, 2012
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An altered state
They bought the plant for $250 million. Then they announced a deal with Fisher Automotive to build electric vehicles there. Looks like they will build for both GM and Fisher.

This is the company that build 40% of all global consumer electronics....cell phones, notebooks, laptops, Xboxes, Game Stations, and far more. They are HQd inTaiwan but have huge plants in mainland China.
Good for Lordstown, Oh, and US to have jobs here and deep pockets to see it through. It could expand as time goes by.
 
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