Lordstown Motors (RIDE) files for bankruptcy, sues Foxconn over funding agreement
Lordstown Motors is filing for Chapter 11 bankruptcy and suing Foxconn over allegations that the latter failed to provide agreed funding to the EV manufacturer.
iPhone manufacturer Foxconn to invest $700M in new India plant
The new factory will reportedly manufacture products including iPhone parts and parts for Foxconn's electric vehicle business.
Foxconn factory protests could reportedly delay production of nearly 6 million iPhone Pro units
Apple has been forced to address the depth of shortfall it could face in iPhone production amid a protest at a Foxconn iPhone factory in China.
Protests break out at Foxconn iPhone factory over delayed pay bonuses
The protests reflect ongoing tension at the factory in Zhengzhou, China which has also been facing new COVID-19 restrictions.
Apple (AAPL) warns iPhone supply hurt by anti-virus China COVID restrictions at Foxconn
New iPhone 14 production was temporarily reduced at a factory in Zhengzhou, China because of recent COVID-19 restrictions put in place.