Foxconn Sells Former Lordstown GM Assembly Plant but Plans to Stay and Expand

Foxconn sells former Lordstown GM Assembly Plant but plans to stay and expand

For the last several years, the name Foxconn has greeted motorists driving along I-90 through Lordstown. It's the name of the Taiwanese company that owns the former GM Assembly plant and utilizes part of the space in its manufacturing endeavors. That will soon end, the ownership part, not the occupancy. Foxconn announced this week it has sold the 6.2 million square feet plant to a newly formed company out of Delaware."Foxconn will continue to oc…

Foxconn Sells EV Plant, Shifts to Data Centers

The former Lordstown Motors factory was sold to a business partner for $375 million.

Foxconn sells former GM factory to mystery buyer after failing to make EVs

The company has spent more than three years claiming the factory would become an "important" EV hub. But it has barely produced anything there.

Foxconn sells Lordstown, Ohio plant for $375 million to 'existing business partner,' plans to transform it into massive AI server factory

The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse In a strategic move reflecting the shifting tides of global manufacturing and technology, Taiwan-based Hon Hai Precision Industry Co., better known as Foxconn, has sold its Lordstown, Ohio, assembly plant for $375 million to Crescent Dune LLC, an existing bus…