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, ...

GM will sell Lordstown plant and invest in Ohio, says Trump

Business May 9, 2019

GM will sell Lordstown plant and invest in Ohio, says Trump

General Motors Co. moved to solve two major political headaches on Wednesday as U.S. President Donald Trump announced the Detroit automaker will sell its Lordstown, Ohio, plant to a company to build electric trucks, while GM said it would maintain some operations at a ...