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Old 04-01-2013, 12:01 PM   #1
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Default Report: Carbon Motors pulls out of Indiana plant, future uncertain

Filed under: Hirings/Firings/Layoffs, Plants/Manufacturing, Earnings/Financials, Police/Emergency, Diesel


Three years ago, Carbon Motors chose one corner of a shuttered Visteon plant in Connersville, Indiana as the location to build its diesel-powered E7 dedicated police cruiser. Carbon intended to invest $350 million to start production, providing 1,500 jobs at the same time. That investment, however, relied the US Department of Energy approving a $310-million loan to Carbon through the Advanced Technology Vehicles Manufacturing Loan Program, a loan that was ultimately denied.

Without that money, the arrival of the E7 and Connersville's return to manufacturing have apparently been put on hold. According to the Indianapolis Business Journal, Carbon's plant development officer wrote the mayor of the city, Leonard Urban, to tell him that he had resigned, and all traces of Carbon Motors have been removed from the plant, including Carbon Drive that leads to it. Urban said he has no idea what the company's plans are, and Carbon hasn't commented.Carbon Motors pulls out of Indiana plant, future uncertain originally appeared on Autoblog on Mon, 01 Apr 2013 14:31:00 EST. Please see our terms for use of feeds.


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