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AM General Sells Factory to EV Startup
AM General LLC has agreed to sell its light-vehicle assembly plant in Mishwaka, Ind., for $110 million to China-backed SF Motors Inc.
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AM General LLC has agreed to sell its light-vehicle assembly plant in Mishwaka, Ind., for $110 million to China-backed SF Motors Inc. The companies hope to complete the deal by the end of 2017.
Based in Milpitas, Calif., SF Motors is a unit of China’s Sokon Industry Group. Last November the company announced plans for an $11 million engineering research facility outside Ann Arbor, Mich.
AM General is a defense contractor whose vehicles have included the military Jeep and its successor, the Humvee. The company also has built Jeeps, city buses, right-hand-drive delivery vehicles for the U.S. Postal Service, electric powertrain for Ford vans and Mercedes-Benz R-Class wagon for export to China.
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