EV Manufacturer Wraps Up Deal For Mishawaka Plant

Posted: Updated:
(Image courtesy of AM General) (Image courtesy of AM General)
MISHAWAKA -

Silicon Valley-based SF Motors says it has closed on the acquisition of AM General LLC's commercial assembly plant in Mishawaka. The electric vehicle manufacturer says all 430 employees from the facility that has produced Mercedes-Benz and Hummer brand vehicles will be brought on to SF Motors. AM General's contract with Mercedes-Benz U.S. International Inc. will expire this year and the Mishawaka workers had been slated to lose their jobs before the high-tech manufacturer moved in.

SF Motors, a subsidiary of Chongqing Sokon Industry Group of China, bills itself as "the first and only electric vehicle company to wholly own manufacturing plants in both the U.S. and China." The company in June announced a $30 million investment in the St. Joseph County operation and says specifics of the upgrade, retooling and training plans will be announced in the coming months.

Chairman Xinghai Zhang says "SF Motors values the employees of the South Bend-Mishawaka facility, as their experience and knowledge is invaluable and will greatly benefit the future products of our company, ensuring we deliver quality electric vehicles to U.S. customers. The first car from SF Motors will be made in Indiana. SF Motors' culture values communication, cooperation and collaboration. We are excited to have the opportunity to welcome them to the SF Motors family."

The plant, the company says, will produce "a new line of premium EVs" and the deal for the plant has been closed on schedule. You can connect to more about the acquisition by clicking here.

  • Perspectives

    • Young Adults—On the Road to Financial Success or Disillusionment?

      A recent financial literacy survey conducted by Charles Schwab discovered some interesting findings about how young adults (ages 16 to 25) view their current and future financial well-being. Overall, they’re optimistic. But should they be? Inheritance Coming? Don’t Count on It! You may have heard there’ll be a major shift in wealth to the millennial generation as more baby boomers approach retirement. But if you’re a young adult, don’t celebrate...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • McCorkle: 'Eyes Are on Indy'

      The chief executive officer of Indiana’s newest software company believes momentum in the state’s technology sector is attracting added interest---and capital---to the state. Former Salesforce Marketing Cloud CEO Scott McCorkle last week announced that MetaCX, a Software-as-a-Service platform that helps clients and businesses organize and manage their SaaS providers, had raised $14 million, the bulk of it from Los Angeles-based early-stage venture capital firm...

    • Young Adults—On the Road to Financial Success or Disillusionment?

      A recent financial literacy survey conducted by Charles Schwab discovered some interesting findings about how young adults (ages 16 to 25) view their current and future financial well-being. Overall, they’re optimistic. But should they be? Inheritance Coming? Don’t Count on It! You may have heard there’ll be a major shift in wealth to the millennial generation as more baby boomers approach retirement. But if you’re a young adult, don’t celebrate...

    • Purdue Board Makes Several Approvals

      The Purdue University Board of Trustees has made key approvals for several efforts throughout its statewide network. The board voted to keep room and board rates flat for its three physical campuses and also to accept a $30 million gift to fund the renovation of the Union Club Hotel.

    • Mascot Hall of Fame Hires Executive Director

      As finishing touches are underway on the Mascot Hall of Fame an executive director and full-time staff have been hired. Orestes Hernandez will serve as executive director of the Whiting-based museum. Hernandez formerly was vice president of business development at the Coral Gables Museum near Miami. He also worked over 15 years with the Miami Marlins and the PGA Tour.  

    • St. Vincent Names Manas Regional President

      Julie Manas has been selected to serve as regional president of the St. Vincent North Region, which includes St. Vincent Anderson, Carmel, Fishers, Kokomo, Mercy, Randolph and Williamsport hospitals. She has more than 30 years of healthcare experience and most recently comes from Hospital Sisters Health System, Western Wisconsin Division, where she held the role of president and chief executive officer.