Loan To Next Autoworks Louisiana, LLC, For An Advanced Technology Gasoline Vehicle Manufacturing Project In Monroe, Louisiana
The U.S. Department of Energy (DOE) is evaluating whether to issue a loan to Next Autoworks Louisiana, LLC (Next Autoworks Louisiana) – formerly V-Vehicle Company – for the production of an advanced technology gasoline-powered vehicle named the V Car. Next Autoworks Louisiana’s project would include the expansion and reequipping of a Monroe, Louisiana manufacturing plant, formerly the Guide Plant. The existing facility is 425,000 square feet, and would be increased to approximately 800,000 square feet. The U.S. Economic Development Administration, serving as a cooperating agency, would also issue a grant for infrastructure upgrades at the manufacturing plant.