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Tesla could buy GM's shuttered plants, says Elon Musk




Tesla Managing Director Elon Musk said the electric car marker would consider purchasing one of the factories General Motors will close as part of its divisive restructuring plan.

GM revealed last month that it would close more collection facilities in North America by 2019 and end production of six car models in a bid to reduce costs and better position the company to focus on electric and autonomous vehicles. Moved, which is expected to result in about 15,000 layoffs, shouted criticism from President Trump and legislators in states hit by layoffs.

With Tesla in the middle of ramping up production of its Flagship Model 3 since, Musk CBS told "60 minutes" that his company would consider acquiring one of GM's facilities.

"It's possible that we would be interested if they were selling a plant or not using it that we would take it over," said Musk under a look at CBS "60 minutes."

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Tesla did not respond immediately to a request for further comment.

It would not be the first time Tesla has bought another car company's closed factory. Musks company previously purchased a jointly owned joint venture owned by General Motors and Toyota for 42 million dollars in 201[ads1]0, reported the electric car Electrek. The plant is now one of Tesla's main production facilities.

GM director Mary Barra said the restructuring plan would save the honorable car manufacturer $ 4.5 billion by 2020. Unlike criticism at Capitol Hill, Barra said GM would keep an open mind about the future of an Ohio-based facility, reported Reuters.

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Musk added that he welcomes competition from GM and other companies investing in electrical car technology.

"Tesla's whole point is to accelerate the advent of electric cars … sustainable transport and attempts to help the environment," Musk said. "It's the most serious problem facing humanity."



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