Taiwan's Foxconn said on Monday it had struck a deal to sell a former car factory at Lordstown, Ohio, for $375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities.

Foxconn has sold its Lordstown Assembly plant to an “existing business partner” but will continue to occupy the factory.

Taiwan's Foxconn said on Monday it had struck a deal to sell the Lordstown former car factory in Ohio for $375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities.

Foxconn says it's staying in Lordstown, Ohio after selling plant