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8 months ago

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Bankrupt Lordstown Motors proposes zero payment for Foxconn shares

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Bankrupt Lordstown Motors proposes zero payment for Foxconn shares

Bankrupt electric vehicle manufacturer Lordstown Motors has proposed to pay nothing for Taiwan's Foxconn's preferred equity shares, saying it will prioritize other shareholders if an ongoing sales effort generates enough cash to repay other debts.

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Bankrupt Lordstown Motors proposes zero payment for Foxconn shares

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Bankrupt Lordstown Motors proposes zero payment for Foxconn shares

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