The tweet suggested General Motors is selling its shuttered Lordstown car factory to the Ohio-based Workhorse, a deal GM said is still under discussion.
in Ohio-based electric vehicle maker Workhorse’s stocks after he tweeted that General Motors would be selling its shuttered Lordstown car factory to the group, further evidence of the president’s twitter feed’s influence on markets.
that it is still in discussions about selling the factory to a newly formed entity partly owned by Workhorse Group. Workhorse CEO Duane Hughes added that the company plans to start by producing a commercial electric pickup at the factory, should the sale go through.. Trading volume leapt from an average daily of about 345 thousand shares to nearly 30 million. And the company’s website crashed.
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