LORDSTOWN, Ohio - Foxconn announced Monday it will sell its Lordstown manufacturing facility to an existing business partner but will continue to occupy and operate the plant, a move that comes on the heels of intense local speculation about the facility's future.

A statement from the global electronics manufacturer, with operations in six U.S. states, did not include an announcement of vehicle manufacturing at the facility any time soon. The company stated that its broad footprint enables it to "rapidly ramp up automotive production to meet customer demand when required."

Recent rumors of a major announcement from Foxconn had been circulating, with sources telling 21 News that a "big" partnership was in the works that would bring a new product and "lots and lots of jobs" to the facilit

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