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.
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