Chinese owned company to acquire South Bend AM General Plant
A Chinese-owned, Silicon Valley-headquartered company has announced an agreement to acquire the Mishawaka commercial assembly plant of South Bend-based AM General LLC. SF Motors says it plans to produce “environmentally-friendly, intelligent” electronic vehicles in St. Joseph County. The company is a subsidiary of Chongqing Sokon Industry Group and says it intends to retain the facility’s full current workforce and invest $30 million into upgrades.
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