GM Related Lordstown Motors Completes Bankruptcy Deal
by Brian Wang from NextBigFuture.com on (#6KAQ1)
Lordstown Motors has completed a bankruptcy deal. GM invested $75 million in the EV startup Lordstown Motors in 2019, and then sold in late 2021. GM invested as part of the sale of an Ohio plant to the electric vehicle startup as well as a $675 million SPAC deal that took Lordstown public. Lordstown Motor ...