Plan to Build Reva Electric Cars in USA Stalls
Bannon Automotive, the company that wanted to open an electric-car assembly plant near Syracuse, has settled its lawsuit against the Indian maker of the car.
Long Island-based Bannon settled its lawsuit against Mahindra Reva Electric Vehicles of India in August, according to records in U.S. District Court in New York City.
The lawsuit, filed in December 2010, alleged that Mahindra Reva reneged on an agreement to give Bannon exclusive rights to assemble and sell Reva plug-in electric cars in the United States. The cars, based on the Reva NXR model, were to have a range of 120 miles on a charge and cost $17,000-$25,000.
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