Mystery Company To Assemble Cars in Louisiana
June 16, 2009
Baton Rouge, La. -- A company described as a well-financed start-up reportedly is close to
choosing a shuttered north Louisiana site to start a new automobile manufacturing facility -- its first, creating up to 1,500 jobs, two elected officials from the region told the Associated Press.
A formal announcement on the mystery company could come Wednesday from Gov. Bobby Jindal, Rep. Jim Fannin told the wire service.
Fannin said the vehicles would be the company's first, they would be fuel-efficient ones and they will be built at a former Guide Corp. plant.
The company apparently involves California venture capitalists Ray Lane and John Doerr of Kleiner, Perkins, Caufield & Byers, which has been extensively involved in "environmentally friendly" projects and companies.
Louisiana is home to General Motors' truck plant in Shreveport that builds Hummer H2 models as well as Chevrolet Colorado and GMC Canyon pickup trucks and currently employs 800 workers, down from 3,000 at its peak.
Toyota considered Louisiana for its newest assembly plant, one it ultimately built in Mississippi but because of the sales slide, has opted not to open it yet.
Photo by GM
GM's truck plant in Shreveport is currently is the only vehicle assembly plant in the state of Louisiana.
Posted by Michelle Krebs at 6:08 AM under Business , Companies , GM , Rumors , Technology , Toyota | Comments (0) | digg this | Seed Newsvine
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