Workhorse: Lordstown Sold to EV pickup truck maker - Page 3

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Thread: Workhorse: Lordstown Sold to EV pickup truck maker

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    Re: Lordstown Sold?

    Quote Originally Posted by eaton53 View Post
    Would Workhorse get tax credits selling trucks to the government? I don't see why they wouldn't.
    This could be a workaround with GM being out of them. Much better chance of winning a bid if you can bid $7500 less.
    The (theoretical) tax credit goes to the purchaser, not the manufacturer.

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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    The ohio win for blue collar worker is important. Im sure everyone pitched in to make this thing work ...

    The momey to build up the facility and then of course the product itself sounds like a Rivian competitor to some degree....so even GM saves face after the ford defeat of investing in rivian...


    Sounds like a win win all around and the UAW will need to sign on to the deal ...one way or the other the workers want jobs..

    Im sure some federal funding could find its way to workhorse to move this deal along.

    Trump wants swing states like michigan, ohio, wisconsin to vote for him in 2020...

    He is laying the ground work....

    Everybody involved, gm, workhorse, the ohio displaced workers, trumpy, the tax payers can all benefit...hell even the environmentalists get a slice of good news on this deal...

    An electric pickup truck....

    If a government contract can give them the US postal service vehicle sales that would nt be the worst thing either...

    Pretermined route, central charging capability, low speed stop and go...

    It would be good for the environment as well...
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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    Quote Originally Posted by Coloradokid View Post
    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.
    100% true.

    With costs still high, batteries in short supply and government subsidies shrinking how can GM bet the farm on so many question marks.

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    Re: Lordstown Sold?

    Quote Originally Posted by FenwickHockey65 View Post
    GM sells Lordstown to Workhorse.

    Workhorse builds trucks.

    GM buys Workhorse.

    GM buys back Lordstown.

    ...

    Profit?
    I had a different take.

    GM closes Lordstown. Public backlash.
    GM sells to Workhorse. Public happy again.
    Workhorse fails to remain viable; goes bankrupt; Lordstown closes again. Public backlash.

    GM successfully redirects the backlash to someone else. A masterful deflection.
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    Re: Lordstown Sold?

    Quote Originally Posted by sdotjeezy View Post
    So....is this where we are? Apparently we're now making up companies to claim a win? Has anyone even heard of "Workhorse" electric trucks?

    Edit: Apparently they're real, lets see how this plays out...good news for the Lordstown folk if this pulls through and is viable.
    " Has anyone even heard of "Workhorse" electric trucks?"......................No.

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    Re: Lordstown Sold?

    Yes, because I follow news about electric vehicles in general, I heard about Workhorse long ago. I agree with those who think it looks like a Silverado from an alternate universe, but I think I also see actual Silverado parts, like the wheels.

    The irony is that I saw video about some bad news concerning Workhorse, apparently my favorite reporter is too busy following the price of Tesla vehicles, which seems to change about daily, to have caught this yet.
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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    My Take:

    GM and Workhorse held preliminary talks on a potential deal...potus catches wind of the talks and decides to send his tweet declaring the plant sold prematurely to get the appearance that jobs are saved. His reasoning is because in this post fact-driven society, we really don't care if the jobs were actually saved or not, we only care about the initial buzz from "saving" the jobs on day 1. Weeks/months from now when the deal falls apart and the plant never re-opens, nobody will remember that these jobs now lost for certain were never saved to begin with.
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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    Quote Originally Posted by kool1 View Post
    100% true.

    With costs still high, batteries in short supply and government subsidies shrinking how can GM bet the farm on so many question marks.
    With Workhorse a different entity, wouldn't they be entitled to the full 7500 again for their first 200K vehicles? I do agree, batteries are going to be the limiting factor for everyone. And if workhorse gets the USPS contract, that could be a pretty sizable number of batteries.

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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    First, I did not read all of the articles linked in this thread.

    Why does Workhorse want this location? The union is already making waves and most likely will end up unionized. I'd be looking down South to build my Workhorse truck, away from the unions. Do they want it for the supply chain or is GM offering a deal they can't pass up? It would have to be a really good deal to make me want to deal with unions, though Workhorse could have capital restrictions and no choice but to take the deal today and worry about the unions tomorrow.

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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    Quote Originally Posted by BlackGTP View Post
    Why does Workhorse want this location?
    Proximity to Workhorse's other facilities may be a consideration. The company's HQ is also in Ohio, though in the southwestern part of the state near Cincinnati. And Workhorse's existing factory is in Union City, Indiana, on the Indiana-Ohio border.
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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    Quote Originally Posted by sdotjeezy View Post
    My Take:

    GM and Workhorse held preliminary talks on a potential deal...potus catches wind of the talks and decides to send his tweet declaring the plant sold prematurely to get the appearance that jobs are saved. His reasoning is because in this post fact-driven society, we really don't care if the jobs were actually saved or not, we only care about the initial buzz from "saving" the jobs on day 1. Weeks/months from now when the deal falls apart and the plant never re-opens, nobody will remember that these jobs now lost for certain were never saved to begin with.
    It was a win/win for him, he could either take credit for someone else's win when GM makes the deal or he can blame someone else for the loss when the Unions bugger up the deal at his rally. His MO is pretty well established by now.
    Last edited by JimmyDiablo; 05-09-2019 at 08:03 PM.

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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    I think "Sold" is a bit premature or optimistic.
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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    Quote Originally Posted by BlackGTP View Post
    First, I did not read all of the articles linked in this thread.

    Why does Workhorse want this location? The union is already making waves and most likely will end up unionized. I'd be looking down South to build my Workhorse truck, away from the unions. Do they want it for the supply chain or is GM offering a deal they can't pass up? It would have to be a really good deal to make me want to deal with unions, though Workhorse could have capital restrictions and no choice but to take the deal today and worry about the unions tomorrow.
    The union has been weakened so much in this country that if an automaker puts Toyota's employee handbook in front of them and offers wages of $14 and hour and requires that outside firms handle every job that does not touch a vehicle (in-plant logistics, maintenance, janitorial) , the UAW would sign off just to get the membership.

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    Re: Lordstown Sold?

    Quote Originally Posted by ksr View Post
    If true, that's great for the people of Lordstown.

    Rather than retooling the plant to build Blazers or some other vehicle that's in demand, GM sells the means for a competitor to eventually grow and hurt them.
    As we all know, GM did that with the Freemont plant. Sold it real cheap and then in no way did that help them sell more Volts or Bolts. Maybe this time, GM has a hidden agenda and later will re-buy the Lordstown plant and then will not have to pay union wages. I don't know, but I think it's dumb helping what will be your near competitor!

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    Re: Workhorse: Lordstown Sold to EV pickup truck maker

    Quote Originally Posted by Neanderthal View Post
    I think "Sold" is a bit premature or optimistic.
    I beg to differ. I've sold (actual tIMY did) the Brooklyn Bridge seven times now. Every new owner was extremely pleased with the purchase. At least initially, which is all that matters.

    Sincerity and a bargain basement price go a long way in expediting a transaction.
    It sounded pretty good until I actually said it.

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