GM selling shuttered factory in Ohio to electric truck maker
TOLEDO, Ohio — General Motors is selling a massive assembly plant it shut down earlier this year in Ohio, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020.
The company called Lordstown Motors Corp. plans to hire 400 production workers at the outset, but said it still needs more investors before manufacturing can begin.
GM had employed 4,500 people at the factory near Youngstown just two years ago before it began cutting production and eventually i n March ended more than 50 years of car manufacturing there, part of a major restructuring plan.
Terms of the sale and the investors who are behind the deal weren’t disclosed by the privately held Lordstown Motors.