Tesla con­sid­ers buy­ing closed GM fac­to­ries

The Sun News - - Business - BY DAVID WELCH

Tesla Chief Ex­ec­u­tive Of­fi­cer Elon Musk told CBS’s “60 Min­utes” that he may be will­ing to buy some of the five fac­to­ries Gen­eral Mo­tors Co. will idle next year, mak­ing him the sec­ond ri­val in two days to step up with pos­si­ble job-cre­at­ing moves as GM takes po­lit­i­cal heat for cut­ting work­ers.

Musk made the state­ments in an in­ter­view with Les­ley Stahl that will air Sun­day. CBS re­leased ex­cerpts Fri­day.

GM CEO Mary Barra was in Wash­ing­ton the past two days meet­ing with mem­bers of Congress about her plans to close five fac­to­ries in North Amer­ica and lay off 14,700 work­ers. She is un­der pres­sure to keep some of those fa­cil­i­ties open.

While Barra was speak­ing with leg­is­la­tors on Thurs­day, Fiat Chrysler Au­to­mo­biles NV said it will re­open one of its idle en­gine plants in Detroit and build a new Jeep, in­ten­si­fy­ing the ir­ri­ta­tion in Congress over GM’s plan to cut jobs.

Tesla makes the al­l­elec­tric Model S, Model X and Model 3 at its sole auto plant in Cal­i­for­nia, which it bought from a joint ven­ture op­er­ated by GM and Toy­ota Mo­tor Corp.

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