HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » Wisconsin (Group) » Another new plan, but wil...

Sat Mar 6, 2021, 03:56 PM

Another new plan, but will Foxconn follow through this time?

Both companies said the collaboration will “revolutionize the automotive industry.” They compared their work to the scientific discoveries of Isaac Newton. And hinted they could even manufacture the cars here in Wisconsin.

The partnership announcement with electric automaker Fisker is the latest for Taiwanese mega-manufacturer Foxconn. It follows a string of high-profile announcements that have been abandoned by Foxconn or that have severely underperformed the company’s promises.

There were the coffee kiosks, which promised “a cutting-edge, cloud-based, robotic retail platform” for caffeine sales. There were the ventilators that were going to be produced in Wisconsin to help respond to the COVID-19 pandemic. Both projects ended soon after they were announced. The coffee kiosks were never made. And it’s never been publicly said how many ventilators were actually produced in Mount Pleasant.

But Fisker, too, has struggled in the past. In 2013, the company laid off 75 percent of its workforce and filed for bankruptcy. However, Fisker announced in February that it remains on schedule to begin production on its next vehicle, the Fisker Ocean, by the end of next year.

Read more: https://journaltimes.com/another-new-plan-but-will-foxconn-follow-through-this-time/article_c02c4e0d-2516-5c54-a166-01694cf872d2.html#tracking-source=home-top-story-1
(Racine Journal Times)

0 replies, 647 views

Reply to this thread

Back to top Alert abuse

Reply to this thread