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A sign outside the GM Lordstown plant. Photo: Jeff Swensen/Getty Images

A plan from Workhorse, a little-known electric vehicle company, to launch production at the shuttered GM plant in Lordstown, Ohio is hardly a sure thing, the New York Times reports.

Why it matters: The plan, announced in early May with few details, is bound up in the politics of GM's controversial restructuring and layoffs. President Trump raised the deal's profile by tweeting about it, getting ahead of GM's disclosure of plans to sell the plant to an entity that includes Workhorse as a minority owner.

But, but, but: Via NYT, "The new venture, whose name remains secret, exists almost entirely on paper. Headed by the founder and former chief executive of Workhorse, Steve Burns, the business would have to raise at least $300 million to get Lordstown running again."

The intrigue: Burns declined to tell NYT whether he's raised money. Workhorse, meanwhile, is "barely hanging on" and had less than $3 million in cash at the end of March, the paper reports.

  • The 12-year-old company has actually built vehicles — just 365 — the Times said, noting "most of the Workhorse trucks made so far are in use at UPS."

Meanwhile: "General Motors, America's largest automaker, and Bechtel, the country's largest construction company, are teaming up to build thousands of electric vehicle fast-charging stations across the United States," CNN reports.

  • Wider fast-charging deployment is important in building consumers' confidence in EVs, which are now a tiny slice of the market.

Go deeper: GM confirms talks to sell Lordstown plant to Workhorse

Go deeper

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 8 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 10 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.