New V-Vehicle Company to build fuel efficient gas powered cars in Monroe, Louisiana

June 17, 3:56 PMRoad & Driver ExaminerRoman Mica

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                         What's the mystery car that V-Vehicle will build?

When the big auto makers stumble it means there is room in the market place for the new and innovative car makers.

At least that's what the New V-Vehicle Company (VVC) is hoping as it announced plans to build a new range of  fuel efficient car in Monroe, Louisiana.

VVC, which is partially backed by oil man turned environmentalist T. Boone Pickens, announced that it would create new 1400 jobs to build the mystery cars.

“We’re trying to be protective of the things we need to be (because of potential competition),” said Varazano, the project’s visionary and former executive vice president of Oracle Corp. “We want to tell you about the car and distribution system all at once.

According to the the newsstar.com:

"Gov. Bobby Jindal and economic development Secretary Stephen Moret said they know enough to commit $67 million toward the project from the state’s mega fund and more than $12 million in work force training with the Fast Start program.

“We’re here to announce an opportunity to transform the entire American auto industry and the economy of northeastern Louisiana,” the governor said. “The concept is amazing and the team behind the company is first class.”

You can watch the video of the announcement below:
 

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