Hon Hai to take stake in Lordstown through private placement

Taiwan-based manufacturing giant Hon Hai Precision Industry Co. announced on Tuesday that it will take a stake in American electric pick-up truck maker Lordstown Motors Corp. through a private placement.

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)