Tesla Might Consider Buying GM Plants Facing Closure

GM announced late last month that it was planning to shut down five plants in North America next year including the Detroit Hamtramck assembly and Warren transmission plants. A plant in Lordstown, Ohio, is also scheduled to close. Tesla CEO Elon Musk said he may be willing to buy one of the plants General Motors is planning to close if the automaker is willing to sell the property to him.

“It’s possible that we would be interested. If they were going to sell a plant or not use it that we would take it over,” he said in an interview on “60 Minutes.”

Tesla actually bought a plant jointly owned by General Motors and Toyota back in 2010 for $42 million. It is now one of the company’s main production facilities.