“We remain committed to growing manufacturing jobs in the U.S., including in Ohio, and we see this development as a potential win-win for everyone,” said Mary Barra, GM’s chairwoman and chief executive. GM said it is discussing the transaction with the union. Trump said the deal requires United Auto Worker approval. There have been few updates since the 2018 redesign. The company revealed a slight redesign in 2018 that featured a modified chassis and new bumpers. Workhorse accepted thousands of deposits for consumer and commercial versions of the W-15 pickup truck. The batteries power dual electric motors that give the W-15 about 450 horsepower and 80 miles of all-electric range. The truck is powered by lithium-ion batteries mounted to the floor of the truck, creating a low center of gravity. Workhorse has tried to bring its W-15 electric pickup to production, but its efforts have been delayed by the company’s financial setbacks. If the deal is completed, Workhorse would restart production at the plant with a “commercial electric pickup, blending Workhorse’s technology with Lordstown’s manufacturing expertise,” Burns said. “This potential agreement creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse’s role in the EV community,” said Duane Hughes, chief executive of Workhorse. In a joint statement, GM and Workhorse said the move could bring significant production and electric vehicle assembly jobs to the plant. In his tweet, Trump said: “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.”
Electric pickup truck developer Rivian paid just $16 million in 2017 for a 2.6-million-square-foot former Mitsubishi plant in Illinois. The price of aging auto plants can vary wildly, though.
paid $42 million to purchase a shuttered Toyota factory in Fremont, Calif., in 2010. The company, based in Cincinnati, has just 125 employees. Workhorse is struggling financially and has never earned a profit. The companies provided no information about where the capital would come from to purchase and operate the factory. GM produced the Chevrolet Cruz at the Lordstown Assembly plant until March.
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