10 December 2019


GM lending $40M to startup company buying closed Ohio plant (2)
By JOHN SEEWER TOLEDO, Ohio (AP) - General Motors has agreed to loan $40 million to a newly formed company that wants to make electric pickup trucks at a massive Ohio assembly plant GM shut down earlier this year. The agreement between the two companies also would allow GM to buy back the plant up until next May, documents filed last week show.
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