DETROIT (AP) — General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks.
The company confirmed Wednesday that it’s in talks with Cincinnati-based Workhorse Group to sell the huge facility, and also announced plans to invest $700 million in three Ohio factories to create 450 additional jobs.
The potential sale, first announced on Twitter by President Donald Trump, could preserve some jobs at the sprawling plant 60 miles east of Cleveland. But it also dashes any hope that GM would reopen the factory where, until March, it had built cars for more than five decades.
Tim O’Hara, vice president of the United Auto Workers union local at the plant, said workers were hoping the union could negotiate a new product for Lordstown, allowing them to stay in the area and continue careers with GM. Many will be forced to transfer in order to preserve seniority and pension eligibility.
A GM statement said Workhorse Group, led by Workhorse founder Steve Burns, would acquire the facility and would hold a minority stake in a new venture. But it was unclear who would own the rest.