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The electric truck maker Lordstown Motors filed for Chapter 11 bankruptcy protection on Tuesday and put its assets up for sale. It also sued Foxconn, accusing the Taiwanese manufacturer of not holding up its end of a development deal.
The two companies had entered into a strategic partnership in which Lordstown had agreed to divest its manufacturing facility in Ohio. In turn, Foxconn would facilitate a vehicle development program, leaning on its vast global supply chain network.
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