Remember my assertion that it would be a cold day in Hades before an auto manufacturing plant comes to the Maritmes? Not so in the United States:
Louisiana governor Bobby Jindal has announced that San Diego-based V-Vehicle will create 1,400 new jobs and assemble an all-new vehicle in the state. This follows days of speculation about a significant auto assembly plant announcement in Monroe, in the northern portion of Louisiana.
VVC, as the company is also called, “wants to reestablish American leadership in the global automotive industry,” according to a Louisiana Economic Development (LED) info-sheet.
V-Vehicle was founded by ex Oracle Corp. executive VP Frank Varasano and is definitely not struggling to gather funds; it’s being financed by well-known California venture capitalists—including some also backing Fisker Automotive (Silicon Valley firm Kleiner Perkins Caufield & Byers)—along with T. Boone Pickens.
This type of project would be transformational in a place like New Brunswick or Nova Scotia but I just don’t see it happening.