Ohio Attorney General Dave Yost, who had demanded GM repay the full $60 million, celebrated the decision. He wrote on Twitter: “Don’t file that brief against GM, they said. You don’t need a fight with one of the biggest companies in the world, they said. We did anyway, and spoke up for the Valley. Today, GM agreed to the largest tax incentive clawback anywhere, by anybody, ever.”
GM built 2.1 million Cruzes in Lordstown from 2010 through 2019. It sold the shuttered plant to Lordstown Motors, which plans to make electric pickups with a work force that will be much smaller than the more than 4,000 employees GM had there.
GM is now building a battery plant nearby as part of a joint venture with LG Chem. The state last week approved $13.8 million worth of incentives to help the companies create 1,000 jobs by the end of 2026.