Manufacturer wants to use NUMMI plant to make electric cars

[n2doc]

Auto firm setting sights on NUMMI

By George Avalos
Oakland Tribune
Posted: 03/10/2010 04:28:23 PM PST

An electric carmaker in the Bay Area has proposed a plan to build electric vehicles at Fremont's NUMMI plant — but the proposal faces mammoth hurdles, including getting $1 billion in financing.

Santa Clara-based Aurica Motors wants to convert the New United Motor Manufacturing Inc. complex into an auto factory that would produce a zero-emissions, all-electric vehicle costing $40,000 to $50,000.

"The primary hurdle is the financing," said Matt Pitagora, a spokesman for Aurica Motors.

The company estimated it will need more than $1 billion in private and government financing to launch the factory.

So far, Aurica has raised millions of dollars in investments from private backers, but Pitagora wouldn't identify them and wouldn't specify the amount of money raised.
http://www.insidebayarea.com/top-stories/ci_14649734

[ingac70]

1. Cool! Hope it happens. n/t