Electric-car maker Tesla delivered a mixed earnings report Wednesday that was strong on the revenue front and gave analysts confidence that the production of its highly anticipated Model 3 sedan is on schedule. WSJ's Lee Hawkins explains. Photo: Reuters
NYS Entity Status
NYS Filing Date
MAY 08, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - HIGH TECHNOLOGY AUTO ELECTRIC, CORP.
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- Hummer factory gets second life making electric cars
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A U.S. auto plant that once made giant gas-guzzlers will now make cars that don't need gas at all.
AM General, which previously built the Hummer H2, sold its factory in South Bend, Indiana to the electric carmaker SF Motors, both firms announced Thursday.
SF Motors will pay $110 million to produce "intelligent electric vehicles," according to publicly available filings. It will spend another $30 million to upgrade the 700,000-square-foot commercial assembly plant.
The company didn't elaborate further on its plans for the factory, such as how many cars it will produce annually or what types of smart driving or electric-powertrain technologies they'll use. But executives said the arrangement will preserve about 430 U.S. auto worker jobs that were at risk of disappearing. Read more...More about Science, China, Tesla, Climate Change, and Automobiles