Shares of EV start-up Lordstown Motors surge on reported deal with Foxconn to sell Ohio plant - NewsBreak
By Merima in Business
Updated 3 years ago
Lordstown stock was up Thursday by as much as 21% following reports that the company is "near an agreement" to sell its large Ohio factory to iPhone maker Foxconn. The companies are set to announce the deal as soon as Thursday, according to Bloomberg News, which first reported the talks.
