New Workhorse in Town

By: Ryan Wolfe / May 10, 2019

Shortly after closing the doors in Lordstown, OH, GM is in discussions to sell the facility to an Electric Truck company named Workhorse.  GM made the decision in November to close down four U.S. based production plants, one of which was located in Lordstown, OH and home of the Chevrolet Cruze Sedan.  According to Tom Colton, head of investor relations for Workhorse, the talks are still in the preliminary stages.  There is no time table for speculation of the potential returning jobs to the area.  The United Autoworkers Union (UAW) has a different agenda in mind.  The UAW is trying to push for a reemergence of a petrol powered vehicle plant in the old GM facility, speculated to harbor more employees than Workhorse.

lordstown-plant-workhorse-pickup-1557348344

 

Either of the above listed scenarios are equally likely.  GM has a history of closing production plants, only to reopen those years later with a new vehicle in mind.   It is interesting to note, there may be a collaboration of the two scenarios.  GM has been linked to electric powered vehicles such as the Chevy Bolt in recent years.

 

Those who follow the twitter headlines might also be familiar with President Trump’s tweet that indicates the talks between GM and Workhorse have been heating up.  The 1st vehicle set to roll off the assembly line would be a commercialized electric truck.  GM is also has plans to spend $700 million on the remaining 3 plants in Ohio.

Workhorse, initially founded in 1998, has since taken control of production vans that GM dropped from their lineup.  Two of Workhorse’s largest customers are FedEx and UPS, who are both buying into the EV markets. 

 

 

 

 

 

https://www.cnn.com/2019/05/08/business/gm-lordstown-sale/index.html

https://www.nytimes.com/2019/05/08/business/gm-lordstown-trump.html

https://www.caranddriver.com/news/a27410632/gm-lordstown-plant-workhorse-startup/

 

 


Categories: Fuel, EV, Trump, Workhorse, Electric Vehicle, GM, Production plant, Chevrolet, tweet, Commercial, Fleet vehicle, Truck, President, Lordstown, OH, Acquisition, Purchase, Ohio


Ryan Wolfe

Written by

Ryan Wolfe


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