General Motors has announced they have completed the sale of their Lordstown, Ohio complex.
The company posted the following statement saying the facility has been sold to the Lordstown Motors Corp.
GM is committed to future investment and job growth in Ohio and we believe LMC's plan to launch the Endurance electric pickup has the potential to create a significant number of jobs and help the Lordstown are grow into a manufacturing hub for electrification.
The company announced earlier this year that Lordstown would end production.
There was briefly talk that it might be reopened during recent contract talks with the UAW. However, reopening the plant did not end up being a part of the agreement that was reached.
"We are committed to the people of Lordstown, we will locate our headquarters in the Lordstown plant, and we plan to build the Endurance™ pickup truck utilizing experienced workers who helped produce millions of vehicles in this very same plant," said Steve Burns, LMC CEO.
The Endurance pickup truck is designed to be the first production vehicle that utilizes a 4-wheel drive hub-motor system, a design that reduces the number of moving parts. Fleet managers will benefit with less breakdowns, lower maintenance and more cost efficient.
"Lordstown Motors, along with other planned investments in the area and other start-ups, are positioning Northeast Ohio as a hub for technology, which completely reshapes the future trajectory of the whole Mahoning Valley," said Jim Tressel, President of Youngstown State University. "Think of being in the epicenter of EV technology. We must take charge of our future."