Mon. Jul 22nd, 2019

GM is trying to sell a closed factory to troubled EV startup Workhorse

Source: https://www.theverge.com/2019/5/8/18537225/gm-factory-workhorse-ev-electric-vehicle-startup-sale-trump-tweet

GM is trying to sell a closed factory to troubled EV startup Workhorse

General Motors is in talks to sell one of the North American factories it recently closed. The potential buyer? Workhorse Group, an Ohio-based EV startup that has spent the last few years struggling to bring an all-electric pickup truck to market.

The deal was prematurely announced by President Donald Trump in a tweet Wednesday morning. Trump has spent the last half-year chastising GM for closing the Lordstown, Ohio assembly plant in question (along with two others), saying CEO Mary Barra made a “big mistake,” and threatening that the automaker was “not going to be treated well” by his administration.

But his tone changed Wednesday, when he claimed that he had “GREAT NEWS FOR OHIO!” He said Barra told him GM is in the process of…

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Source: https://www.theverge.com/2019/5/8/18537225/gm-factory-workhorse-ev-electric-vehicle-startup-sale-trump-tweet

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