G.M. Says It Will Sell Lordstown Factory to Workhorse, a Maker of Electric Vehicles
General Motors is aiming to sell a recently shuttered car factory in Ohio to a maker of electric trucks, news that President Trump trumpeted on Twitter on Wednesday.
The company confirmed that it was in discussions to sell the plant in Lordstown to Workhorse Group, a small company based near Cincinnati that makes battery-powered pickup trucks, delivery vans, drones and aircraft.
“GREAT NEWS FOR OHIO! Just spoke to Mary Barra, CEO of General Motors, who informed me that, subject to a UAW agreement etc., GM will be selling their beautiful Lordstown Plant to Workhorse, where they plan to build Electric Trucks,” Mr. Trump said on Twitter, referring to the United Automobile Workers union.
The president added that the company planned to invest $700 million elsewhere in Ohio. A G.M. spokesman confirmed the investment plan but not the figure.
Mr. Trump has criticized G.M. for stopping production at the Lordstown plant. In March, he demanded that G.M. reopen the factory or sell it “to a company who will open it up fast!”
During the 2016 election campaign, Mr. Trump promised to increase automotive jobs in the United States. Ohio has been hit hard by the loss of manufacturing jobs.
In halting the Lordstown plant’s output of the Chevrolet Cruze — it said the factory had been “unallocated” — G.M. eliminated 1,200 jobs. Some 450 workers had been transferred to other G.M. factories as of last month.
Workhorse employs 98 full-time employees, according to its most recent annual report. Its stock was up more than 40 percent on Wednesday.