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Foxconn — whose formal name is Hon Hai Technological innovation Team — reported in a press release that it experienced hoped to barter a solution to Lordstown’s monetary difficulties but which the two sides had didn't arrive at an agreement.
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At Workhorse, Mr. Burns came up with a concept for an electric pickup truck but lacked the assets to provide it. He noticed an opportunity when G.M. introduced that it was closing the Lordstown plant.
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