HK Motors Recruits Italian Design Firm
MONTGOMERY, AL -- A former Chinese carmaker planning a hybrid car assembly plant in Alabama has lined up a veteran engineering and design firm while still trying to put together $1.5 billion in financing for the project.
Benjamin Yeung, chairman of Hybrid Kinetic Motors Corp. in Pasadena, Calif., signed an engineering and design agreement Tuesday with Giorgetto Giugiaro, chairman of Italdesign Giugiaro of Torino, Italy, during a ceremony in Alabama's capital.
HK Motors is looking at opening an Alabama plant in 2013 that will provide 4,000 jobs.
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