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

Investigation finds issues with Miami-Dade paratransit contract

At various times, the county paid too much when prices should have decreased, missed deadlines to seek damages from its contractor for alleged substandard performance and failed to accurately calculate the most basic of contract functions — cost of living adjustments.

KCATA taking over neighboring city's transit services

The new contract, which begins July 1, enables city of Independence riders with disabilities who depend on paratransit services would only need to make one phone call to get transportation.

Fla. paratransit driver fired for driving drunk, injuring customer

The driver was spotted driving poorly, before slamming his brakes, causing a 90-year-old passenger to fall to the floor. According to the arrest report, the driver's blood alcohol content was more than three times the legal limit.

Website helps commuters tap multimodal options

CarFreeAtoZ plans trips in a manner similar to Google Maps or Mapquest, but it combines different transit options, such as walking, using the Metro and biking.

Tech. breakthroughs inspire personal mobility device design

Models coming on the market or in development can climb stairs, turn tight corners, make their way over trails, and are lighter and easier to maneuver than earlier generations.

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 resource for managers of class 1-7 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