GM: VP Pence was mistaken about funds for buying idled plant


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

COLUMBUS, Ohio (AP) — General Motors says U.S. Vice President Mike Pence was incorrect in saying that a fledgling electric vehicle maker and a new affiliated company have secured funding to buy GM's shuttered Lordstown plant in Ohio.

Pence made the comments Tuesday while visiting Lancaster, Ohio.

GM spokesman Jim Cain tells The Vindicator in Youngstown that $25 million obtained by Workhorse Group Inc. from private investors is not directly related to a sale of the Lordstown plant.

The newspaper reported that Pence's office and a Workhorse spokesman didn't immediately respond to follow-up inquiries about the vice president's comments.

Cain says discussions about the details and conditions of a potential purchase are ongoing between GM, Workhorse and its new affiliated company. Cain says the buyer would be that affiliate, not Workhorse.

___

Information from: The Vindicator, http://www.vindy.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Notice.
    Newsletter Signup

    KSL Weather Forecast

    KSL Weather Forecast
    Play button