The Mayor of Lordstown will be on FBN in a few minutes.
The Mayor of Lordstown will be on FBN in a few minutes.
GM's next CEO and board will have to rebuild GM's industrial might from the gutted shell its becoming
This company is in the running for the next USPS delivery vehicle contract so this could be a big deal for Lordstown. If they don't get the contract then they will probably be SOL.
Solid intel at Detroit News: https://www.detroitnews.com/story/bu...wn/1140704001/
So if Workhorse has a “minority interest”, GM retains a majority interest? Almost like a joint venture ?
“Upon final agreement, the entity, led by Workhorse founder Steve Burns, would acquire the facility. Workhorse would hold a minority interest in the new entity.”
"The UAW’s position is unequivocal: General Motors should assign a product to the Lordstown facility and continue operating it," said UAW Vice President Terry Dittes, who oversees negotiations with GM
This is like a bad break-up..:lmao: Someone needs to just sit the UAW down and say: "GM DOESN'T WANT U ANYMORE... GET IT THRU YOUR HEAD!!! She said U're Lazy.. U want too much.. The neighbors don't even want to come to your cook outs anymore.. Toyota and Honda's man GIVES!!! All U do is TAKE!!! Unless U leave.. GM is gonna start dating the Workers in Mexico .. or maybe the ones and China. U stink too :rolleyes:"
W-15 is a hybrid, haven't heard that mentioned. Also, SHAZAM!, there are a few development problems. And I thought you could just throw a motor vehicle together as easily as a plastic model kit. Hmmm.
Also, "accelerate like a freight train" is perhaps not the analogy the writer was looking for. Or he's never watched a choo choo train accelerate 0-60 in 20 minutes.
President Donald Trump surprised electric vehicle insiders when he announced General Motors will sell its Lordstown, Ohio, plant to Workhorse Group Inc. to produce electric pickup trucks in a Tweet on Wednesday.
Donald J. Trump
GREAT NEWS FOR OHIO! Just spoke to Mary Barra, CEO of General Motors, who informed me that, subject to a UAW agreement etc., GM will be selling their beautiful Lordstown Plant to Workhorse, where they plan to build Electric Trucks. GM will also be spending $700,000,000 in Ohio...
11:18 AM - May 8, 2019
Workhorse builds electric commercial vehicles such as trucks, delivery vans and even drones. However, the company has failed to bring a fully electric vehicle to market. And its W-15 pickup is still in development several years after its public debut.
Trucks.com drove an early prototype of the electric W-15 truck in 2017 at the Advanced Clean Transportation Expo in Long Beach, Calif. Here’s what we learned:
Electric power: The Workhorse W-15 is powered by lithium-ion batteries made by Panasonic that are mounted to the floor of the truck, lending it a low center of gravity. The batteries power dual electric motors that give the W-15 about 450 horsepower and 80 miles of all-electric range.
One fast truck: The electric motors make the W-15 accelerate like a freight train, quickly building momentum in near silence. Since it doesn’t need to change gears, the truck rushes forward without interruptions. It goes from 0 to 60 mph in 5.5 seconds.
Range extender: A small 1.5-liter three-cylinder BMW gasoline engine provides extra driving range in case the batteries run out of charge. The engine generates power to operate the electric motors – it does not drive the wheels on its own.
Work site toughness: Though the W-15 is meant primarily as a statement piece for construction foremen, it’s engineered for strength. The truck has a maximum payload capacity of 2,200 pounds and maximum towing capacity of 5,000 pounds.
Braking issues: While the electric powertrain provides more than enough muscle, the W-15 needs brakes more suited to the task. The W-15 is not tuned to automatically brake when the gas pedal lets off, as many automakers’ electric vehicles do. Workhorse may make regenerative braking more aggressive for production.
Carbon fiber body: The prototype Trucks.com tested used body panels made of lightweight carbon fiber to make the vehicle rigid yet light. The material helped the W-15 offset the hefty weight of the batteries. Production versions will use more cost-effective composite plastic.
Unfinished model: Workhorse planned to make changes to the W-15 driven in 2017. Its body panels were creaky, and some fit and finish could be improved, especially on the interior.
2018 changes: The company revealed a slight redesign in 2018 that featured a modified chassis and new bumpers. It also had a longer cabin, a 6.5-foot bed and an optional roof-mounted light bar. Standard safety features include automatic emergency braking, lane-departure warning and blind-spot monitoring.
Unknown future: Workhorse accepted thousands of deposits for consumer and commercial versions of the W-15 pickup truck. But the company has released few updates since the 2018 redesign. In March, executives announced Workhorse would hold off on the W-15 and focus on electric vans due to financial setbacks.
IMHO, I do not think that the brass at GM are fully confident in "an all electric future" and is not willing to make a wholesale change to all its plants to support this. Like Cruise, this Lordstown venture may be a holding company or joint venture to produce electric commercial vehicles. If successful it may be spun off in later years or brought into the GM fold. If not, it will be dissolved and GM will only loose a portion of what they would have otherwise lost if they went both feet in.