General Motors and LG at an impasse: Will they cancel a 2.3 billion dollar project?

by time news

According to the CNBC website, the automobile company will continue to work to establish the plant and will look for another partner to join it. On the other hand, it turns out that the LG company is the one that is not so sure about the project for fear of committing due to the economic situation in the world and due to investment in other car companies.

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The companies announced the joint project, at a cost of 2.3 billion dollars, already in 2019. So far, one plant in Ohio has been established and operated, and two more are under construction and will start operating this year and next year. The fourth, as mentioned, will probably not be implemented soon.

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