The company that makes your iPhone is taking over Lordstown's factory, Volkswagen is liking its chances of influencing Germany's domestic policy, The Morning Shift for October 1, 2021. Hey, it's October! Watch CC Off English What Car Should You Buy: Fast, Impractical and Fun 03:13 Now playing How to Win an 8-Day, Off-Road Race through the Desert Tuesday 12:15PM 01:43 Now playing Cassandra Peterson, AKA Elvira, Bought Her First Car With Go-Go Dancing Money Wednesday 3:59PM 1st Gear: Foxconn Buys Lordstown Factory To Build Lordstown Trucks In Lordstown Yesterday we shared a report from Bloomberg that the sale of Bloomberg notes, is a hell of a lot more than what Lordstown bought the facility from General Motors for. Advertisement Per the arrangement, Foxconn will receive equity in the EV brand, and it will also be able to use that factory to build EVs for other makes, like Fisker: Under terms of the transaction, Lordstown Motors will sell the Lordstown factory to Foxconn for about $230 million after buying it from GM for just $20 million two years ago. The maker of Apple Inc.'s iPhone will buy $50 million worth of common stock in its new partner and will assemble the… Read full this story
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