Lordstown Motors to Sell Former GM Factory in Ohio to Foxconn - WSJ

The two companies have entered into a nonbinding agreement for Lordstown to sell the facility and property for a purchase price of $230 million with the exception of certain assets, said Lordstown Motors Chief Executive Daniel Ninivaggi.

What a company! GM sells the building to Lordstown, then forgives the loans. Lordstown turns around and cashes in.

Is there a business model here? If so, I need to get in on that action!