According to reports, GM is set to invest $700 million and creating about 450 new manufacturing jobs in Ohio as it negotiates the sale of its Lorsdtown, Ohio, factory to electric truck maker, ‘Workhorse Group’.
GM CEO Mary Barra said in a statement, “The U.S. economy and our core business are strong, so we can expand our commitment to U.S. manufacturing and Ohio and create job opportunities for our employees”. He also added, “We also expect to bring more jobs to the U.S. over time in support of the expected provisions of the USMCA.”
The company said the new jobs will be at its Toledo, Parma and Moraine facilities in Ohio.
Workhorse is a Loveland, Ohio-based automobile manufacturer that specializes in manufacturing electric vehicles.
“This potential agreement creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse’s role in the EV community,” said Workhorse CEO Duane Hughes in a statement. Workhorse Founder Steve Burns added that if Workhorse purchases the plant, the company will focus on building a commercial electric pickup truck.
GM said in a statement that preparing the Lordstown plant for production could begin immediately once the sale is complete.
To refocus its production on more the profitable trucks and SUVs Americans prefer today General Motors in March 2019 closed its Lordstown plant, which manufactured more than 16 million new vehicles over 50 years. GM is phasing out most sedans as well as compact cars to ramp up production of utility vehicles and invest more in autonomous driving and electric vehicles.