GM loans Ohio plant buyer $40 million to launch electric truck

Business Dec 10, 2019

GM loans Ohio plant buyer $40 million to launch electric truck

General Motors Co. loaned the buyer of its half-century-old assembly plant in Ohio $40 million to help the cash-strapped startup roll out an electric pickup truck. The transaction to support Lordstown Motors Corp. and its debut model, called Endurance, is essentially a mortgage, Jim Cain, ...