Foxconn Technology Loses Bid to Toss Lordstown Motors (RIDEQ) Bankruptcy

The Lordstown Motors Corp. headquarters in Lordstown, Ohio.

Foxconn Technology Group lost a bid to kick Lordstown Motors Corp. out of bankruptcy, a win for the troubled electric vehicle maker as it attempts to find a new owner for its business.

Judge Mary Walrath on Monday refused to dismiss Lordstown’s bankruptcy case. She rejected Foxconn’s claim that the struggling EV startup improperly sought Chapter 11 protection to gain an unfair edge in a legal dispute between the companies over a deal to make Lordstown’s flagship Endurance trucks.