General Motors Co. (NYSE: GM) said today it is in discussions with Workhorse Group Inc. (NASDAQ: WKHS) and an affiliated, newly formed…
Source: www.streetinsider.com
General Motors Co. (NYSE: GM) is in talks with Workhorse Group Inc. to sell its Lordstown vehicle factory in Ohio. The Workhourse Group is a battery-electric transportation technology company. This move is expected to bring significant production and electric vehicle assembly jobs to the plant. Upon final agreement with all parties, work could begin immediately to prepare the facility for new production. GM also announced that it is creating 450 new manufacturing jobs in Ohio at its facilities in Toledo, Moraine, and Parma.
