[Lordstown plans to take legal action against Hon Hai Group to seek acquisition plans to continue] US electric car manufacturer Lordstown said on June 9 local time that it plans to take legal action against investor Hon Hai Group to ensure that the latter completes its promised acquisition of nearly 10% of its shares. Lordstown had earlier warned that it could be forced to file for bankruptcy because of uncertainty over its $170 million investment deal with Hon Hai, which would give Hon Hai a nearly 20 per cent stake in the lossmaking US company. (Bloomberg)