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Under pressure from Trump, GM in talks to sell idled Ohio plant
Source: Reuters
BUSINESS NEWS MAY 8, 2019 / 11:37 AM / UPDATED 4 HOURS AGO
Under pressure from Trump, GM in talks to sell idled Ohio plant
David Shepardson, Tyler Choi
5 MIN READ
WASHINGTON/TORONTO (Reuters) - Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company.
The No. 1 U.S. automaker also said it would invest $700 million in three other plants in Ohio - a state important to Trump’s re-election chances in 2020 - and maintain some operations at a Canadian factory that had been slated to close by year end.
The decisions came after GM faced months of criticism over its plan announced in November to close five North American plants and cut 15,000 jobs. GM’s decision to close the small-car assembly plant in Lordstown, Ohio, had become fodder for Trump and several Democratic presidential candidates.
Trump, who disclosed GM’s plans for Lordstown in a Wednesday tweet, said the deal with Cincinnati-based Workhorse Group Inc will require the approval of the United Auto Workers union. However, Ohio Governor Mike DeWine expressed caution.
-snip-
Under pressure from Trump, GM in talks to sell idled Ohio plant
David Shepardson, Tyler Choi
5 MIN READ
WASHINGTON/TORONTO (Reuters) - Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company.
The No. 1 U.S. automaker also said it would invest $700 million in three other plants in Ohio - a state important to Trump’s re-election chances in 2020 - and maintain some operations at a Canadian factory that had been slated to close by year end.
The decisions came after GM faced months of criticism over its plan announced in November to close five North American plants and cut 15,000 jobs. GM’s decision to close the small-car assembly plant in Lordstown, Ohio, had become fodder for Trump and several Democratic presidential candidates.
Trump, who disclosed GM’s plans for Lordstown in a Wednesday tweet, said the deal with Cincinnati-based Workhorse Group Inc will require the approval of the United Auto Workers union. However, Ohio Governor Mike DeWine expressed caution.
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Read more: https://www.reuters.com/article/us-gm-restructuring/under-pressure-from-trump-gm-in-talks-to-sell-idled-ohio-plant-idUSKCN1SE23I
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