Announced
Completed
Financials
Tags
automotive
Friendly
United States
Automobiles
Cross Border
Private
Single Bidder
Acquisition
Majority
Completed
Synopsis
Foxconn Technology Group, a Taiwanese multinational electronics contract manufacturer, completed the acquisition of Ohio plant of General Motors from Lordstown Motors, an American producer of electric pickups, for $280m. Foxconn will invest $55m for 55% of a joint venture for product development, and will take on approximately 400 Lordstown employees.
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