HK Motors Recruits Italian Design Firm

Former Chinese carmaker still on the hunt for $1.5 billion for Alabama hybrid car manufacturing plant.

Published: 21-Jan-2010

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.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

2009 Cadillac Escalade Hybrid

All of that luxury does come with a price: roughly $70,000, writes Scott Burgess.

Infiniti G35 Prototype Hybrid

First Infiniti Hybrid likely to be G35 and is expected to arrive in USA in 2010.

2010 Ford Fusion Hybrid will qualify for $3,400 federal tax credit.

Purchases or orders of new Ford Fusion and Mercury Milan hybrids made by March 31 will qualify for a $3,400 credit on their 2009 tax returns.

READER COMMENTS

blog comments powered by Disqus