Jaded by nearly a year of unemployment, the laid-off
“I’d rather see GM invest in
Milo, who voted for Trump in 2016, isn’t alone in his skepticism about the plans. In the days following President
“In repurposing a plant, the best and highest use of an automotive assembly plant is automotive assembly,” said
GM has been in talks with interested buyers for months, with Workhorse approaching the company in January, according to a person familiar with the talks. Workhorse ticked all the boxes, the person said, including offering continued vehicle production — a key driver of economic development with historically high job-multiplier effects.
Workhorse’s plan, as presented last week, would be a best-case scenario for repurposing, particularly in a rural area like the
“Closed factories in urban areas have a much higher chance of being redeveloped,” she said. “If the plant closes before a redevelopment plan is made, there is a very low chance it returns to manufacturing again.”
Satche-Brugeman’s 2011 report found that age plays a factor in whether a plant is repurposed, with plants under 46 years old finding the most new uses. Opened in 1966,
Two former GM assembly plants offer examples of potential fates for
Workhorse’s potential manufacturing operation at
“There was also once a little start-up called
“Workhorse appears to be a very slow-moving venture that has a lot of risk, and no massive amount of funding,” Schuster said. “
Workhorse sees a way around that funding problem. The company plans to create an acquisition entity, of which it would be a minority stakeholder. That new entity would own
Still, LMC estimates
“All we have now is more drama, more anxiety,” Green said of the GM-Workhorse announcement.
Despite the president’s celebration last week, Green says a lack of real answers is only adding to the anxiety in
“Nothing about that has changed,” he said. “The closer we get to contract talks, the only thing that changes is the anxiety level. It’s like having a loved one on life support and trying to decide whether to pull the plug or wait it out.”
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