A joint venture between General Motors (GM) and LG Energy Solution is beginning a partial restart of its idled Ohio EV battery plant by recalling a small number of workers, while the broader rehiring timeline for roughly 850 employees remains uncertain amid weaker-than-expected electric vehicle demand, Reuters’ Kalea Hall reports. A spokesperson for the joint-venture, Ultium Cells, would not confirm to Reuters any schedule to resume broader operations at the Warren, Ohio, factory. In a statement, Ultium said a “small number” of workers would return the week of May 25 for work “related to resuming operations later this year,” adding that the timing for resuming production would depend on market demand for EVs.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GM:
- General Motors (GM) Stock Sinks after Automaker Announces 600 IT Job Cuts
- Charged: Ford stays committed to EV strategy as industry pulls back
- Midday Fly By: Dream Finders offers to buy Beazer, Fox reports Q3 beat
- Morning News Wrap-Up, 5/11/26: Today’s Biggest Stock Market Stories!
- General Motors cutting ‘hundreds’ of workers amid cost cuts, Bloomberg reports
