Subscribe to our Newsletter Sign Up

GM to Sell Facility to Electric Vehicle Startup

General motors has announced it will invest $700 million in Ohio and sell one of its shuttered production facilities to an electric vehicle startup, according to reports.

The investment could create several new jobs in the state. GM has already eliminated more than 14,000 jobs in the United States and Canada, a figure that includes several facilities that will close down by the end of 2019. Among the facility the automaker closed was a plant in Lordstown, Ohio, which has not been active since March. That facility will be sold to Cincinnati-based Workhorse Group, an electric vehicle startup who will use the facility to build trucks.

Read More: Drilled But Uncompleted Wells On the Rise

While the Lordstown facility has not produced vehicles for several months, GM representatives have said the plant will remain in “a state of readiness” before the takeover. The acquisition will also have to be negotiated with the United Auto Workers Union, who represent the facility.

Posted on May 13, 2019 at 11:10 am

Categories: News

© 2016 PetroChoice, ALL RIGHTS RESERVED | Sitemap