Accessibility

Agreement leads to VPG purchase

Posted on September 6, 2013

AM General reached an agreement with the United States Department of Energy (DOE) to purchase the DOE’s secured loan to The Vehicle Production Group (VPG), manufacturer of the MV-1 — the only American-built vehicle specifically designed to meet or exceed the needs of wheelchair passengers and the guidelines of the Americans with Disabilities Act.

Previously, AM General acted solely as the vehicle assembler for VPG. Following this transaction, AM General will own and operate the MV-1 business.

The agreement creates a path to revitalize VPG and form a new company called Mobility Ventures LLC, which will acquire the assets of VPG. Production, sales and product development of the MV-1 is expected to resume in approximately 45 days, with AM General bringing more than 50 years of experience and knowledge in the automotive industry to the benefit of passengers who rely on specialty vehicles, such as the MV-1.

Assembly of the vehicles will continue to occur at AM General’s world-class, 675,000 square-foot Commercial Assembly Plant in Mishawaka, Ind., which is fully tooled for the MV-1 and ready to resume vehicle assembly.

AM General has also begun planning with the more than 100 suppliers of the MV-1 to support the accelerated restart of production and sales. It is anticipated that resumption of MV-1 production and sales will stimulate the creation of hundreds of new jobs.

While this transaction is being finalized, AM General will continue to provide service parts and technical support to the network of more than 80 MV-1 dealers and distributors throughout the U.S. and Canada.

View comments or post a comment on this story. (2 Comments)

More News

Fla.'s Broward County considering taxis, Uber, Lyft for paratransit

The county would pick up $15 of the tab. With most paratransit rides five miles or fewer, county officials believe $15 likely would cover the entire bill.

Transdev wins Phoenix Dial-a-Ride service contract

Beginning July 1, 2017, the consolidation of two existing contracts will result in one service provider that operates the service, accepts customer calls, verifies customer eligibility, schedules requested trips, and maintains vehicles.

Profile: Chris Pangilinan, Program Director at TransitCenter

When Chris Pangilinan was a little kid, riding in the backseat of his family’s station wagon, the red stoplights annoyed him. “I would think, Why is this so inefficient? Why do we have to stop all the time?” he recalls...

Phoenix Transit enhances Dial-a-Ride with 'overflow' service

The approved partnership between Dial-a-Ride contractor MV Transportation and their subcontractor Discount Cab provides overflow service during the regular service day.

N.Y. paratransit costs skyrocketing, lack of subway elevators cited: study

Access-A-Ride cost $85.2 million and carried 1.7 million rides in 2000, increasing to an estimated $506 million this year for more than 6.3 million trips.

See More News

Post a Comment

Post Comment

Comments (2)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close