(Reuters) – Basic Motors Co confirmed on Thursday it has bought its shuttered Lordstown Meeting plant in Ohio to a start-up that has an bold plan to start constructing electrical pickup vans by the tip of 2020.

FILE PHOTO: A mural is seen on the facet of Basic Motors’ shuttered Lordstown Meeting plant throughout the United Auto Employees (UAW) nationwide strike in Lordstown, Ohio, U.S. September 20, 2019. REUTERS/Rebecca Cook dinner

Lordstown Motors Corp, which is 10% owned by Workhorse Group Inc, has retained Ohio funding financial institution Brown Gibbons Lang & Co and is working to lift extra capital, Lordstown Chief Govt Steve Burns stated in an…



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