Editorial: First part of GM settlement to bear fruit limaohio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from limaohio.com Daily Mail and Mail on Sunday newspapers.
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Staff file photo / R. Michael Semple
Things really started to take shape last fall along Tod Avenue SW in Lordstown, where the $2.3 billion Ultium Cells LLC facility is under construction. The battery-cell plant is supported by General Motors. A U.S. International Trade Commission ruling regarding a competitor in Georgia could bode well for the local project.
A federal regulatory decision that could threaten the future of an electric vehicle battery factory in Georgia may result in a positive development for the General Motors-supported battery-cell plant under construction in Lordstown.
What the U.S. International Trade Commission ruling essentially does, according to a local expert, is eliminate SK Innovation, a South Korean company, as competition of electric vehicle battery and chemicals maker LG Chem, which has a 50 percent stake in the $2.3 billion Ultium Cells LLC facility.
Ga. governor urging president to block battery maker penalty
Feb 16, 2021
Things really started to take shape last fall along Tod Avenue SW in Lordstown, where the $2.3 billion Ultium Cells LLC facility is under construction. The battery-cell plant is supported by General Motors. A U.S. International Trade Commission ruling regarding a competitor in Georgia could bode well for the local project.
A federal regulatory decision that could threaten the future of an electric vehicle battery factory in Georgia may result in a positive development for the General Motors-supported battery-cell plant under construction in Lordstown.
What the U.S. International Trade Commission ruling essentially does, according to a local expert, is eliminate SK Innovation, a South Korean company, as competition of electric vehicle battery and chemicals maker LG Chem, which has a 50 percent stake in the $2.3 billion Ultium Cells LLC facility.
Feb 15, 2021
The first fruits of a settlement agreement between Ohio and General Motors are starting to come to bloom as part of job training efforts in the Mahoning Valley.
In an agreement struck after the automaker pulled out of Lordstown in 2019, breaking job creation and retention tax credit contracts, GM agreed to pay back about $40 million of the $60.3 million it had received in tax breaks to retool its former assembly plant in Lordstown. Of that, $12 million was dedicated for use in the Mahoning Valley.
As part of the negotiated agreement to make up for that loss, GM committed $5 million to Youngstown State University for workforce development in partnership with Eastern Gateway Community College and funding to create the YSU Energy Storage Innovation and Training Center.
The first fruits of a settlement agreement between Ohio and General Motors are starting to come to bloom as part of job training efforts in the Mahoning Val