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Buyer Found for G.M. Plant in Lordstown, and Trump Cites His Role [The New York Times]

Workhorse Group, Inc. (WKHS) 
NASDAQ:AMEX Investor Relations: workhorse.com/investors
Buyer Found for G.M. Plant in Lordstown, and Trump Cites His Role - The New York Times It has all the elements of a classic Trump tale: intervention with an otherwise heartless company, a saved factory in the heartland, and assurances that old-school manufacturing would be preserved. On Wednesday, the factory in question was the General Motors plant in Lordstown, Ohio. Mr. Trump announced that it was being sold to a little-known maker of electric vehicles, Workhorse Group, and that G.M. was making a new investment in the state. “I have been working nicely with GM to get this done,” he wrote on Twitter But for all the seemingly good news in Ohio, which has been hit hard by the loss of manufacturing , the president’s record in delivering on such deals suggests that caution is warranted. He helped persuade Carrier to keep a factory in Indianapolis open in 2016, but the company still cut roughly half of the at stake there. In 2017, he said Foxconn, a Taiwanese electronics supplier, woul Show less Read more
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