Report: Hybrid Kinetic Motors to spend $500 million for Italian styling
What's that? You thought HK Motors was history? Well, it seems as though that lawsuit last year involving the main principles in Hybrid Kinetic Automotive Corp. has not only resulted in the creation of Greentech Auto with their hybrids and electric car lineup, but apparently the original nameplate will also be sticking around with their own hugely ambitious plans. If all this leaves you feeling somewhat confused and just a little skeptical, you can take comfort in the fact that you belong to a very large club.
Headed by ex-Brilliance Automotive Holdings CEO and chairman Benjamin Yeung, HK Motors has its sights on putting a CNG or gasoline-burning turbocharged 1.5-liter engine in a hybrid drivetrain rumored to be under development by FEV Motorentechnick GmbH. The vehicles are envisioned to be built at a multi-billion dollar facility in Baldwin County, Alabama, that they hope to complete by 2013 with 6,000 employees constructing 300,000 vehicles in the first year. Totally reasonable plan for a start up company, no? Which is not to say we don't wish them success, though if we were Giorgetto Giugiaro, we'd be cashing that check the moment it arrives.
[Source: Automotive News – Sub. Req.]
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