GM loans $40 million to Lordstown Motors to buy, retool shuttered factory

WASHINGTON General Motors confirmed on Monday it agreed to loan $40 million to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio. Lordstown Motors Corp, which is 10% owned by Workhorse Group, bought …

GM loans $40 million to Lordstown Motors to buy, retool shuttered factory

WASHINGTON General Motors confirmed on Monday it agreed to loan $40 million to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio.
Lordstown Motors Corp, which is 10% owned by Workhorse Group, bought …
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