Brief: Foxconn Says To Suspend Subsequent Good Faith Negotiations With Lordstown Motors

Nu Ride

27/06/2023 11:03

June 27 (Reuters) - Hon Hai Precision Industry Co Ltd
 2317.TW :
    * SAYS IT HAS BEEN HOLDING A POSITIVE ATTITUDE IN CONDUCTING
CONSTRUCTIVE NEGOTIATIONS WITH LORDSTOWN MOTORS  RIDE.O 
    * SAYS IT IS IN ASSISTING LORDSTOWN MOTORS IN FINDING A
SOLUTION
TO ITS FINANCIAL DIFFICULTIES
    * SAYS IT ORIGINALLY HOPED TO CONTINUE DISCUSSIONS AND REACH
A
SOLUTION THAT COULD SATISFY ALL STAKEHOLDERS, WITHOUT RESORTING
TO BASELESS LEGAL ACTIONS, BUT SO FAR THE TWO PARTIES HAVE YET
TO REACH A CONSENSUS
    * SAYS REGARDING LMC'S LITIGATION ANNOUNCEMENT, "FALSE
COMMENTS"
AND "MALICIOUS ATTACKS" MADE BY LMC, FOXCONN RESERVES THE RIGHT
TO PURSUE LEGAL ACTIONS AND ALSO SUSPENDS SUBSEQUENT GOOD FAITH
NEGOTIATIONS


Further company coverage:  2317.TW 

 (Reporting by Hong Kong newsroom)
 ((twinnie.siu@tr.com; 852-3462 7715;))