AM General taxi production to start in 2010

Tribune Staff Report

Tools

Standard Taxi to be built at AM General in Mishawaka

The Vehicle Production Group of Troy, Mich. received the financing to begin producing the "Standard Taxi," similar to the one pictured, at AM General in Mishawaka. (Photo courtesy Vehicle Production Group)

By Tiffany Griffin

Story Created: Aug 11, 2008 at 10:45 AM EST

Story Updated: Aug 13, 2008 at 10:49 PM EST

SOUTH BEND — AM General received some good news this weekend.

Multimedia

Watch The Video

The Vehicle Production Group LLC, which has a contract with AM General to build taxis, received the financing it needed to go through with the project.

Taxi production is projected to begin during the first quarter of 2010 in Mishawaka, according to a release.

"This is wonderful news," said Craig Mac Nab, AM General spokesman.

Financing had been the last necessary ingredient for production to be planned at AM General’s Mishawaka plant.

AM General produces the Humvee military vehicle and Hummer H2 civilian vehicle in Mishawaka. The Hummer H2 is marketed by General Motors Corp.

According to the release, the equity financing for $160 million was led by Perseus LLC, a merchant bank and private equity fund management company.

The vehicle, originally called the Standard Taxi, is described as a front-engine, rear-wheel drive vehicle with a durable bond-on-frame structure. Vehicle access is said to be compliant with the vehicle requirements of the Americans with Disabilities Act.

The vehicle includes an integrated automatic ramp that will provide quick and easy access of individuals who use wheelchairs, motorized scooters and other mobility devices.

More Good Stuff

WSBT Weather

Current Temp 59.0

More Weather

WSBT Weather

More Weather

On Demand

iPhone
Get the WSBT News and Irish Sports Report apps for your iPhone! Read more »
On DVD
Order a DVD of a WSBT news story! Read more »
Twitter
Follow us on Twitter! Read more »
Facebook
Connect with us on Facebook! Read more »
WSBT E-News
Daily StormTracker e-mails right to your Inbox! Read more »
Video On Demand
Miss a story on WSBT News? Watch it here! Read more »
CBS Shows
Watch CBS shows and news online, free! Read more »
WSBT Alert
Breaking News & Weather right to your cell phone! Read more »
Mobile
WSBT News on the go for your cell phone or PDA. Read more »
RSS Feeds
Get news and updates as soon as they're published. Read more »

Stock Quotes

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.