Wednesday , January 20 2021

Elon Musk says he might be interested in buying GM plant closures

Elon Musk says Tesla is likely to be interested in buying some of the plants the general service has recently announced it plans to close.

Musk made the comments in an interview with CBS 60 minutes which is due to expire on Sunday.

On November 26, General Motors announced plans to close five plants in North America next year, including one in Ontario, as part of a wider restructuring effort.

GM closes the Oshawa plant as part of the wider restructuring

The closure of the company's plant in Oshawa, Ont., Is expected to bring 2500 people out of work.

In a CBS video published online Friday before the interview, the muscle was asked if she wanted to buy some of these GM plants.

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"We might be interested if we were to sell a plant or not use it, we would have taken it," Musk said.

Musk also suggested in an interview with Lesley Stahl that he welcomed the automotive rival's plan to increase investment in electric car technology.

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"Tesla's whole point is to speed up the emergence of electric vehicles and sustainable transport," he said. "We are trying to help the environment, and we think this is the most serious problem humanity faces."

Musc retired Tesla's presidency earlier this fall as part of a settlement agreement with the US Securities and Exchange Commission. The US Agency filed a lawsuit claiming that Musku lied to investors in August with misleading statements on Twitter to provide funding to take Tesla into private life.

He remains CEO of the company.

– With Associated Press files

© 2018 Global News, a division of Corus Entertainment Inc.

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