Thread by @SaysDana

I remember when there was this little story, during TFG’s administration that SWORE they were going to purchase Lordstown and create a new partnership and pushed clean energy.

Remember that one?

https://twitter.com/andrewjtobias/status/1532348371863748608

If you don’t, here it is………………The difference? GM story was a slight of hand for TFG. It started something, just didn’t finish it.

https://twitter.com/saysdana/status/1126194163274280960

And, since Foxconn deal didn’t really pan out in WI, they went ahead and decided to purchase the LORDSTOWN plant last year so they could produce the Endurance EV series vehicle.

https://twitter.com/saysdana/status/1126192729942183936

autonews.com/manufacturing/…

Here’s that story. Vehicles should have begun production in the Fall of 2021

carscoops.com/2022/05/lordst…

However, by May of 2022 (this year), they were still closing the deal and needing and extra $150 Million to start production.

And, as you can see, the GM deal went south, and Foxconn purchased the plant. They were ready to start production, however, COVID, supplier delays and so much more. Production is expected now in the 3rd quarter of 2022.

cincinnati.com/story/money/20…
What kind of incentives did Ohio give up for this factory which isn’t producing yet/

electrek.co/2022/05/12/lor…

And the joint venture created to develop future products is interesting.

But Foxconn still needs $150Million more to get this rolling.

Something smells again………

cleveland.com/business/2022/…

And this story? Lorain County is where I was born and raised. The Ford Assembly plant was closed years ago.

Here’s that THREAD in case you’re interested. This feels like a game of cards. With nothing to show for it.

https://twitter.com/saysdana/status/1067514387743694848