Lordstown Motors eyes $200M U.S. retooling loan, will show EV truck at Detroit show

GM in March idled its plant in Lordstown, Ohio, as part of a massive restructuring to reduce North American capacity. — GM last March idled its plant in Lordstown, Ohio, as part of a massive restructuring to reduce North American capacity. (BLOOMBERG)

By:

DAVID SHEPARDSON

By:

Reuters

January 28, 2020 08:54 PM

WASHINGTON -- Electric vehicle startup Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory in northeast Ohio, CEO Steve Burns told Reuters.

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