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GM in Talks to Sell Lordstown Plant to EV Company
General Motors Co. says it is in talks with Workhorse Group Inc., an Ohio maker of electric delivery trucks and buses, to buy the carmaker’s giant assembly plant in Lordstown, Ohio.
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General Motors Co. says it is in talks with Workhorse Group Inc., an Ohio maker of electric delivery trucks and buses, to buy the carmaker’s giant assembly plant in Lordstown, Ohio.
GM says the discussions involve Workhorse and an unnamed, newly formed affiliate that would own a majority stake in the plant.
The sprawling Lordstown complex ended operations in March after 53 years of production. President Donald Trump has been pressing GM since then to reopen or sell the facility.
Workhorse’s origins date to 1998, when a group of investors assumed production of a GM motorhome and step van chassis. The company went public in 2010. Founder Steve Burns says he proposes to use the GM factory initially to make an electric commercial pickup truck.
In its heyday, the 6.2 million-sq-ft Lordstown facility provided jobs for 4,500 people. Its workforce had dwindled to 1,500 this year. Workhorse currently employs slightly more than 100 people.
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