GM unveils $700 mn Ohio investment plan
General Motors Wednesday announced plans to invest $700 million in Ohio and to sell a shuttered plant to a company that makes electric trucks, drawing cheers from President Donald Trump who has assailed the US automaker for cutting American jobs. “GREAT NEWS FOR OHIO!” Trump tweeted, revealing the details ahead of the company’s official announcement.
Shortly after Trump’s tweet, GM confirmed it is in discussions with Workhorse, a Cincinnati-based company that focuses on producing electric delivery vehicles, to sell its plant in Lordstown, Ohio. The factory employed about 1,400 workers prior to ceasing production in March.
CEO Mary Barra said in a statement GM will “remain committed to growing manufacturing jobs in the US, including in Ohio, and we see this development as a potential win-win for everyone.” Last November, GM shuttered five US plants, including auto assembly plants in Michigan and Ohio, as part of a 15 percent cut in its workforce worldwide -- affecting around 14,000 employees -- a move that drew Trump’s wrath.
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