A new car company with backing from Silicon Valley venture capital firm Kleiner Perkins and billionaire investor T. Boone Pickens intends to manufacture fuel-efficient cars in Louisiana, at the site of a closed General Motors auto supplier’s plant. V-Vehicle Company said it will approximately double the size of the facility and hire more than 1,400 workers to produce a “high-quality, environmentally friendly and fuel-efficient car for the U.S. market,” according to a press release issued this morning.
That’s all the information the company is releasing right now, though there’s speculation the car will be powered only by gasoline and that it won’t be a hybrid, full-electric or other alternative-powered vehicle.
“We’re not prepared to talk about the product yet,” VVC spokesman Joe Fisher told Cars.com this afternoon. “But V-Vehicle believes the new car will reconstruct the entire automobile [manufacturing and sales] process from beginning to end to provide extra value to customers.”