It is planned to establish an EV manufacturing center.
General Motors’ Lordstown, Ohio plant has a future. According to the Associated Press, Lordstown Motors Corp. is buying the factory.The plant plans to hire 400 production workers, which is a significant increase from the 4,500 GM who worked at the factory in the past two years. However, the company has ambitious plans. Lordstown Motors Corp. intends to build electric trucks at its factory by 2020. It will be focusing on fleet and commercial customers. There is still much to do before workers can return to the production line. The new company is currently focusing on the building of the management team, designing trucks and securing additional investments to buy the plant.
Lordstown Motors Corp. purchased the factory as it was an “unique opportunity”. Often, equipment is sold quickly after a factory closes. Sometimes, however, only the building remains. Lordstown’s factory still has its welding and stamping equipment. This saves billions. The company plans to establish a center for electric vehicle manufacturing.
Learn More about The Lordstown Factory GM’s announcement to restructure and close five North American plants last year drew ire on both sides. Lordstown has been producing various GM vehicles since 1966, when it produced the Chevy Impale. The factory built several small cars such as the Vega and Cavalier. The last Chevy Cruze was rolled off of the assembly line earlier in the year, which marked the end of production at the factory.
The long history of the Lordstown, Ohio plant is not new. It is clear that the closure of the Lordstown, Ohio factory will be a devastating loss for the local community. Lordstown Motors Corp. will hopefully find success. It will not be an easy task. The company will have to compete against other startups, as Lordstown Motors Corp. will also have to contend with General Motors and Tesla.