Lordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the... Lordstown indicates Foxconn may be backing out of deal
Lordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the... 
Daimler Truck North America announced a $650 million joint venture to develop charging and hydrogen-fueling infrastructure for medium-duty and heavy-duty commercial trucks. Called Greenlane, the joint venture was started in 2022 by Daimler, utility NextEra Energy Resources, and investment firm BlackRock Alternatives. It plans to add charging... 
An electric sedan prototype developed by failed Saab savior NEVS has surfaced in the wake of the company's shutdown. NEVS bought the remains of Saab after the Swedish automaker went bankrupt in 2011. It once planned to launch a series of four electric vehicles for China, all built on the Phoenix platform that was going to underpin the... 