Tesla may be interested in buying Ohio GM plant, other factories slated for closure

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Tesla Inc. Chief Executive Officer Elon Musk said he may be willing to buy some of the five factories General Motors Co. plans to close next year making him the second rival in two days to step up with possible job-creating moves as GM takes political heat for cutting workers.

According to an article on Bloomberg, Musk told CBS’s “60 Minutes” he had interest in acquiring the plants.

Tesla makes the all-electric Model S, Model X and Model 3 and has just one auto plant in California, which it bought from a joint venture operated by GM and Toyota Motor Corp.

GM chief executive Mary Barra was in Washington the past two days meeting with members of Congress about her plans. 

Republican Sen. Rob Portman and Democratic Sen. Sherrod Brown said they urged GM chief executive Mary Barra to keep the plant open to avoid devastating consequences for Ohio’s Mahoning Valley.

She also met with Democratic Rep. Tim Ryan, whose district includes the plant.

“Just as the workforce has stood with General Motors over the years, we expect GM to stand with these workers — and give them a chance,” Portman told reporters after the meeting.

Brown added, “This is the best GM assembly plant work force in all of North America. We know the impact this has on the Valley.”

Already, 3,000 jobs have been eliminated at the plant since the beginning of 2017. GM has about 1,500 workers left at the Lordstown plant.

Brown said he’s enlisted the help of Republican President Donald Trump and his labor secretary, Ohio Gov.-elect Mike DeWine, in addition to a host of local officials. Brown has also reached out to sitting Republican Gov. John Kasich, who leaves office next month.

Barra said it was an “incredibly difficult” decision to place Lordstown in an “unallocated” position because it directly affects GM workers as well as retirees and their pensions.

“We’re working very hard to make sure General Motors is around for several decades in a leadership position, can provide jobs and support the communities and the stakeholders that are involved with the company,” she said.

She said the company is working with the United Auto Workers union to explore training and relocation opportunities for affected workers.

A heckler interrupted Barra’s remarks, peppering her with questions about workers who might want to remain in Lordstown rather than relocate and whose holidays have been ruined by the timing of the announcement.

“We are trying to do the right thing,” she said. “We think Ohio is a very important auto state. We have a very good workforce there and we have a tremendous amount of workers in the state that will continue.”

Portman said Barra told the senators she has an open mind, but wants to be careful not to elevate expectations.

“We believe that the workers in the community around Lordstown have proved themselves time and time again for almost five and half decades,” Portman said. “Those workers have done their part.”

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