Elon Musk says he may be interested in buying some GM closing plants


Elon Musk says there is a possibility that Tesla will be interested in buying some of the plants that General Motors has recently announced it plans to close.

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

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

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The closure of the company's factory in Oshawa, Ontario, is expected to put 2,500 people out of work.

In a video posted by CBS on Friday ahead of the interview, Musk was asked if he would like to buy some of these GM plants.

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"It is possible that we would be interested, if they sold a factory or did not use it, that we would accept it," Musk said.

Musk also suggested in the interview with Lesley Stahl that he welcomes the rival automaker's plan to increase investment in electric vehicle technology.

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"Tesla's goal is to accelerate the advent of electric vehicles and sustainable transportation," he said. "We are trying to help the environment. We think it is the most serious problem humanity faces."

Musk stepped down as Tesla chairman earlier this fall as part of an agreement with the Securities and Exchange Commission. The US agency filed suit alleging that Musk misled investors in August with misleading statements on Twitter on how to secure funding for Tesla's private takeover.

He remains CEO of the company.

– With Associated Press archives

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


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