Barra on Wednesday also confirmed a Trump tweet that GM will spend $700 million on expanding operations at three other OH sites and create 450 jobs in the process.
The decision came after GM faced months of criticism over its plan announced in November to close five North American plants and cut 15,000 jobs.
Workhorse CEO Hughes said Tuesday the company is making progress in the transition from development to the production.
Cincinnati-based Workhorse specializes in electric commercial vehicles and now produces a small van called the NGEN-1000 at a facility in Indiana. It also reported $2.8 million in cash and short-term investments.
Burns added, "The first vehicle we would plan to build if we were to purchase the Lordstown Complex would be a commercial electric pickup, blending Workhorse's technology with Lordstown's manufacturing expertise". GM later confirmed that it is still in talks about a possible sale of the Warren, Ohio-based plant.
"They are I guess what you would consider kind of a;tech start-up' that's focused on electric mobility solutions for the transportation sector", said Dan Flores, a spokesperson with GM. At Lordstown, about half of those employed when production ended have transferred elsewhere.
GM said the 450 jobs would be added at plants in Toledo, the Cleveland suburb of Parma and the Dayton suburb of Moraine.
Sen. Rob Portman of OH tweeted that he was "optimistic" about the news and that he has worked with Workhorse. Last week, GM ended production at a plant near Baltimore that built transmissions. President Donald Trump announced the deal Wednesday morning, May 8, 2019, on Twitter.
Workhorse CEO Duane Hughes said the potential agreement for the 50-year-old Lordstown plant "creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse's role in the EV community".
UAW Vice President Terry Dittes responded to Wednesday's announcement by saying that "General Motors should assign a product to the Lordstown facility and continue operating it". "Don't move, don't sell your house", he said.
"So we're certainly going to be urging the post office to grant that contract", said Ohio Governor Mike DeWine.
Workhorse is a Cincinnati-based manufacturer of battery electric vehicles. The new entity that would acquire the Lordstown facility would be led by Workhorse founder Steve Burns, and Workhorse would hold a minority interest in it, according to GM. This week, GM seeks to provide at least some closure with news of a potential sale and the addition of jobs in an area that was affected by The Decimation.
Canadian Prime Minister Justin Trudeau called the announcement "good news for our autoworkers".
"I would say it resembles a Ford F150".