GM Lordstown Assembly plant sold to Lordstown Motors

DETROIT – General Motors said it has sold the Lordstown Assembly plant in Ohio after idling at the plant March 8.

GM sold the 6.2 million square foot facility to an investment group called Lordstown Motors, which is supported by electric truck manufacturer Workhorse Group.

The amount of the sale is not disclosed nor is it a start date for production.

Lordstown Motors said it will build the Endurance electric pickup using components licensed from Workhorse. Endurance is designed for fleet sales, the company says, and is a lightweight, four-wheel drive vehicle with a low center of gravity.

Endurance is the latest electric pickup in the works. Tesla will debut its electric pickup called "Cybertruck" November 21. Rivian builds an electric truck due near the turn of the year. GM has said they will invest $ 3 billion in Detroit-Hamtramck to build an electric pickup and other electric trucks, and possibly revive the Hummer brand there.

Lordstown Motors said it is committed to the people of Lordstown.

"We will be locating our headquarters in the Lordstown facility, and we plan to build Endurance pickup with experienced workers who helped produce millions of cars in this very same facility," said Lordstown Motors CEO Steve Burns. [19659002] Sears and Kmart store closures: 51 Sears, 45 km places to shut down See list

Chicken recall: More than £ 2 million recalled, may be contaminated with metal [19659002] In a statement, GM said it is "committed to future investment and job growth in Ohio and we believe LMC's plan to launch Endurance electric pickups has the potential to create a significant number of jobs and help the Lordstown area grow into a electrification production hub. "

Workhorse also released a press release late Thursday describing details of the intellectual property license agreement it has with Lordstown Motors.

None of the companies indicated Thursday the number of jobs and when hiring or production would begin. But GM has said the company would create around 450 jobs.

Workhorse CEO Duane Hughes said it appreciated "GM's acceptance of our combined proposal and believes it represents the best opportunity to keep production in Lordstown. We look forward to collaborating in the future as we close this transaction and explore further production opportunities at the plant. "

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