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On Wednesday, General Motors announced it is in talks to sell the now inactive Lordstown Assembly plant to a company interested in building an electric van.
On Wednesday morning, at 11:18, President Donald Trump announced on Twitter the sales potential of GM Lordstown at "Workhorse".
An Ohio-based company, whose penny shares started in the morning at 82 cents, but jumped more than 214% after the president's tweet, according to CNBC.
At one point, the burst of attention caused the blocking of the company's website.
"I think that's what you would consider a" technology start-up "that focuses on electric mobility solutions for the transportation sector," said Dan Flores, GM spokesman.
The company is based in Loveland, Ohio, in the suburbs of Cincinnati and employs approximately 98 full-time workers. He specializes in electric vehicles.
One of these vehicles is an electric pickup called the W-15.
There is speculation that this could be the truck style produced in Lordstown.
RELATED COVERAGE: Is this a preview of Lordstown's next vehicle?
A Cincinnati Enquirer reporter described the vehicle.
"I would say it looks like a Ford F150, although the interior is a bit nicer," said Randy Tucker. "They predicted a selling cost of about $ 52,000".
Workhorse also produces larger electric vans.
She is already a supplier of UPS and DHL and has announced that one of the finalists would be to provide electric trucks to the US Postal Service.
It's an agreement on which lies the future of Lorstown with the company.
"We will therefore urge the post office to award this contract," said Ohio Governor Mike DeWine.
Workhorse products also take the sky. Surefly is a personal helicopter and Horsefly is a parcel delivery system.
Forbes, however, calls the history of society "checkered". The company was founded in 1998 and has changed hands and names many times.
21 News found that Workhorse lost $ 6.3 million in the first three months of this year and had a decline in sales in the first quarter of this year compared to the same time of the year former.
However, the company said that comparisons from one year to the next should not represent the company 's ability or interest in their vehicles.
RELATED COVER: A company interested in the Lordstown plant loses $ 6.3 million
Ohio's Lieutenant Governor, Jon Husted, said that he had visited the company on several occasions.
"It's a very viable company and a company that has potential for a great future," Husted said.
21 News learned that if an agreement were to be reached between GM and Workhorse, an entirely new company would be created to buy the factory and Workhorse would be only a minority shareholder.
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