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AM General Buying Idled VPG

September 5, 2013 in Companies, NGVs by Rich Piellisch  |  No Comments

CNG Option for the ADA-Compliant MV-1 to be Retained
As New Company, Mobility Ventures LLC, Will Be Formed

AM General, which manufactured the Vehicle Production Group’s MV-1 in Indiana until VPG shut down earlier this year (F&F, May 9), says it’s buying the business itself, by buying VPG’s U.S. DoE loan. “The agreement creates a path to revitalize VPG,” AM General says. A new company, Mobility Ventures LLC, will acquire the VPG assets.

AM General is taking over the defunct Vehicle Production Group and its ADA-compliant MV-1. The CNG option will be retained.

AM General is taking over the defunct Vehicle Production Group and its ADA-compliant MV-1. The CNG option will be retained.

AM General will retain the compressed natural gas option for the MV-1, which it says is “the only American-built vehicle specifically designed from the ground up to meet or exceed the needs of wheelchair passengers and the guidelines of the Americans with Disabilities Act.”

‘Fills a Significant Void’

The MV-1 is also, AM General says, the only vehicle in its class available with a factory CNG fuel option. It “fills a significant void in consumer, government and paratransit fleet markets while providing unsurpassed accessibility and comfort.” CNG range is stated at 290 miles.

Production, sales and product development of the MV-1 is expected to resume in approximately 45 days, AM General says. The MV-1 will be built at the firm’s 675,000 square-foot Commercial Assembly Plant in Mishawaka, Ind., which it says “is fully tooled for the MV-1 and ready to resume vehicle assembly.

Worthington-SCI Was the Tank Supplier

“AM General has also begun planning with the more than 100 suppliers of the MV-1 to support the accelerated restart of production and sales,” states the company’s Thursday release. “It is anticipated that resumption of MV-1 production and sales will stimulate the creation of hundreds of new jobs.”

The CNG version of the MV-1 had Type III carbon fiber-on-aluminum fuel tanks by Worthington-SCI.


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Source: AM General with Fleets & Fuels follow-up

 

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