GM Cashes out Lordstown Motors Stock

LORDSTOWN, Ohio -- General Motors said Tuesday it has sold its stake – 7.5 million shares – in Lordstown Motors Corp. The Detroit Press first reported the transaction yesterday. The sale occurred during the fourth quarter of 2021.  GM was among the early institutional investors in Lordstown Motors when the electric vehicle startup went public in October of 2020. Lordstown Motors purchased GM’s Lordstown Assembly plant in November 2019 for $20 million, thanks in part to a $50

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