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Lutz’s VL Sports Car Company Merges with EV Maker
Detroit-based VL Automotive, the boutique carmaker co-founded in 2012 by Bob Lutz, has merged with McLean, Va.-based GreenTech Automotive Corp.
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Detroit-based VL Automotive, the boutique carmaker co-founded in 2012 by Bob Lutz, has merged with McLean, Va.-based GreenTech Automotive Corp.
VL makes the Destino, a $200,000 sport coupe based on the Karma extended-range hybrid once marketed by bankrupt Fisker Automotive Inc. VL converts Karmas by redesigning their front end and replacing their hybrid powertrains with a supercharged Chevrolet Corvette engine rated at 638 hp.
VL co-founder Gilbert Villarreal has been named GreenTech's co-president and chief operating officer.
GreenTech was created in China before relocating to the U.S. in 2009. The company is erecting an assembly plant in Tunica, Miss., that could become a production facility for the Destino, Automotive News notes.
GreenTech offers the Destino through its WM line of high-performance piston-powered sports cars, which also includes high-power Ford Mustangs built by Saleen Automotive Inc. The company also markets a line of GTA electric vehicles that includes the two-seat MyCar, which is expected to be produced in the Tunica factory.
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