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Wednesday, 05/08/2019 4:39:10 PM

Wednesday, May 08, 2019 4:39:10 PM

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INTENSE NEWS...https://www.cnbc.com/2019/05/08/reuters-america-update-3-under-pressure-from-trump-gm-in-talks-to-sell-idled-ohio-plant.html

Ohio Governor Mike DeWine expressed caution.

"This is a step, but we have a long way to go," DeWine told reporters. He also cited Workhorse's ongoing efforts to win a truck supply contract with the U.S. Postal Service as a key step.

It likely would take at least a year before the plant, which halted production in March, could reopen after a deal was reached, Ohio's governor, DeWine, said.

"This potential agreement ... will help solidify the leadership of Workhorse's role in the EV community," Workhorse CEO Duane Hughes said in the GM statement, referring to electric vehicles.




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