Startup may ask for loan to revamp former GM plant near Youngstown

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COLUMBUS, Ohio -- A startup company that wants to build electric trucks at a former General Motors assembly plant in Ohio is considering asking for a federal loan to get production running.

U.S. Rep. Tim Ryan, an Ohio Democrat, says he expects Lordstown Motors Corp. to apply soon for a $200 million loan.

The company announced late last year that it had bought the once-bustling factory near Youngstown that closed last March 2019.

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Lordstown Motors says it's learning more about the loan program.

The company didn't reveal additional details.

It has said it wants to begin production by year's end.