GM still plans to sell Lordstown plant to EV startup after UAW strike

Discussion in 'General' started by interestedinEV, Oct 17, 2019.

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  1. interestedinEV

    interestedinEV Well-Known Member

    https://www.theverge.com/2019/10/17/20919378/gm-workhorse-lordstown-plant-sale-uaw-strike

    General Motors has reached an agreement with the United Auto Workers to end a month-long strike, and the automaker’s idling manufacturing facility in Lordstown, Ohio will officially close as part of the deal. But a planned sale of the facility to a new electric truck startup called Lordstown Motors, which is partially owned by struggling electric vehicle maker Workhorse Group, is still on, The Verge has learned.


    “It’s still our intention to sell the plant to Lordstown Motors,” Jim Cain, GM’s senior manager for sales and executive communications, tells The Verge.


    News of the sale to Workhorse was first announced by President Trump in May, who touted it as “GREAT NEWS FOR OHIO!” The president had previously berated GM for wanting to close the Lordstown plant, which was used to build the Chevy Cruze sedan, even going so far as to threaten that his administration would treat the automaker poorly.


    I am glad that the strike is over, but cannot find much information on Workhorse Group. It seems to be more of face saving exercise for GM (to get out of the bad books the President), then to encourage EVs. They did the same thing in Korea earlier this year

    https://www.thedetroitbureau.com/2019/03/general-motors-sells-south-korean-plant-to-ev-maker/

    I cannot make out what Workhorse group really want to to do. They want to make EV trucks and , Octocopters, drones. Maybe I am wrong but my advise would be to concentrate on one thing and do it right. There is no details that gives me any confidence that they have realistic business plan. They claim they have more electric trucks on the road than any other company, but I have not heard of them

    http://workhorse.com/company.html
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