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Former Visteon plant lined up for Carbon Motors

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Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy judge authorized auto-parts maker Visteon Corp. to sell a plant it closed there to the city for $500.
 
In return, the city agreed to rid the property of environmental contaminants at an estimated cost of $4 million.

Michigan-based Visteon, which filed for bankruptcy reorganization in May, vacated the 1.8-million-square-foot factory in late 2007.

The city plans to flip the plant to Carbon Motors for a low price or at no cost.

If all the pieces fall into place, the start-up could employ 1,550 people at the plant in three years. Connersville is counting on Carbon Motors to help pull Fayette County’s unemployment rate out of double digits.

The company announced in July its intentions to move to Connersville, even though it hadn’t struck a deal with the Indiana Economic Development Corp.

Carbon Motors has said it has lined up $100 million in private financing. The company in August also filed for a $310 million federal loan  to help it begin producing its E7 police cruiser.

The federal program provides loans to automobile and parts manufacturers for the cost of re-equipping, expanding or establishing U.S. manufacturing facilities to produce advanced-technology vehicles or qualified components.

The Carbon E7 runs on clean diesel and biodiesel technology. The company said it has orders for 10,000 cars but has yet to begin producing any vehicles.



 
 
 

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  • They are in for a surprise
    You better read this link about the DOE money first:

    http://www.thetruthaboutcars.com/siry-slams-doe-loan-program-for-stifling-innovation/

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

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