A Trump Tweet Sent This Penny Stock On A 239% Run

Jeannie Matthews
May 10, 2019

"We've been part of the family for 53 years and we want to continue to be part of the family ... we'd like to see them (GM) put a future product right here in attractive Lordstown, Ohio", Green said.

The decisions came after GM faced months of criticism over its plan announced in November to close five North American plants and cut 15,000 jobs. Trump said GM will invest $700 million in three other OH facilities and add 450 jobs. Trump said in his tweet.

"The first vehicle we would plan to build if we were to purchase the Lordstown Complex would be a commercial electric pickup, blending Workhorse's technology with Lordstown's manufacturing expertise", said Workhorse founder Steve Burns.

Workhorse CEO Duane Hughes said the potential agreement for the 50-year-old Lordstown plant "creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse's role in the EV community".

Workhorse has also been testing delivery drones in the Tri-State.

GM said more than 1,350 blue-collar workers have accepted transfers to other GM factories from four USA plants that are slated to close.

"The U.S. economy and our core business are strong, so we can expand our commitment to U.S. manufacturing and OH and create job opportunities for our employees", Barra added in her statement.

"We were trying to get General Motors engaged again to keep General Motors there, that way General Motors and UAW workers could stay there, they could continue to build their pension there within the General Motors company, but that is not the case", Ryan said.

It also reported having $2.8 million in cash and short-term investments.

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Cleveland.com reported that the sale is not final but that the sides are still in the "early days" of a negotiation, according to Workhorse.

Trump in June 2017 advised workers in nearby Youngstown, Ohio, that factory jobs were not leaving.

Whether the deals moves forward initially isn't necessarily contingent on Workhorse winning the USPS contract, Ryan said.

For many, the news seems shocking, and various news reports explained what Workhorse did.

It likely would take at least a year before the plant, which halted production in March, could reopen after a deal was reached, Ohio's governor, DeWine, said.

"Workhorse is a leader in electric vehicle manufacturing and we are proud to have them call OH home, but GM can not shirk its responsibility to these workers", Brown said in a written statement.

Canadian union Unifor, which had fiercely opposed the shuttering of the plant, had previously said the closure was contrary to a contract that stipulates there would be no plant closure.

But he said, "There's more work to do to support our workers, and we will never stop fighting for them & their families".

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