Electric Vehicle Startup Lordstown Motors Names New CEO Following Foxconn Deal

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Electric Vehicle Startup Lordstown Motors Names New CEO Following Foxconn Deal
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Veteran engineer Edward Hightower will lead Lordstown as it transitions to product development.

, which bought Lordstown's Ohio factory for $230 million in May. The joint venture plans to design and develop EVs, which will be manufactured by Foxconn.

"With over 30 years of automotive experience and having made significant contributions to the Endurance launch preparation and Foxconn transactions, Edward is the perfect person to lead the company and launch our product development efforts with Foxconn," Ninivaggi said in a statement.

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