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.