Lordstown Motors CEO very confident in company’s future growth after recent agreement

Local News

LORDSTOWN, Ohio (WKBN) – The man in charge of Lordstown Motors is predicting a lot more growth in the years to come inside what has once been General Motors’ largest plant.

On Monday, CEO Dan Ninivaggi discussed with First News the recently announced agreement-in-principal with Taiwanese electronics maker Foxconn.

Ninivaggi says, while he cannot say specifically how many people may eventually be working in Lordstown, he’s expecting there will be a lot of growth.

“There’s no way somebody would make the commitment that Foxconn is making to this facility without strong confidence that they can fill it up, and so I’m very bullish that you’ll see new programs in this facility over the next two or three years,” he said.

The deal between Lordstown and Foxconn is expected to be completed by the end of April next year.

On Friday, First News reported the head of Fisker Motors was planning to have Foxconn build its all-new “PEAR” in Lordstown.

Lordstown Motors’ agreement in principle to work jointly on electric vehicle programs with Foxconn also has many others excited.

At Lordstown’s council meeting earlier Monday evening, Mayor Arno Hill expressed his thoughts on the deal.

Hill says he believes the possibilities are almost endless. He noted that one of the biggest issues Lordstown Motors has had a problem with is getting funded.

With the funds from Foxconn, a multinational electronics contract manufacturing company, Hill hopes the project continues to move forward and funding will not be the top issue.

“I think there’s a big upside to this, and hey, we’re praying for the best. You prepare for the worst, but you pray for the best, and I really don’t see too many downsides as long as they do what they say they’d like to do,” Hill said.

Hill says he is still waiting to hear more but thinks this could also be a big boost in getting people jobs in the area.

He hopes to speak with Lordstown Motors and have an update within the next couple of weeks.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Mel Robbins Main Area Middle

Trending on WYTV.com