New Car Company or Future Acquistion Target for Government Motors?

Via Drudge, we are informed that a new car company is forming, to be located in Monroe, LA, which will be partially funded by venture capital firm Kleiner Perkins Caufield & Byers, which Al Gore recently joined as a partner.

According to an article in Daily Finance; In midst of auto crisis, Al Gore backs a new car company in Louisiana; the company, V-Vehicle Company (VVC), for which I cannot find a website, the company’s car will still feature a combustion engine, but one that is “high mileage.”

Some additional information on V-Vehicle Company (VVC) can be found at the Louisana Economic Development website, which also informs us that “some of the most revered names in the business have joined together to help build the next great American car company.”

This is a big announcement, complete with job creation predictions, 1,400 new jobs, and income predicitions, average pay $40K per year, but I am rather skeptical.  I think that V-Vehicle Company (VVC) will, like many businesses today, soon be appealing to the federal government for funds to achieve their lofty goals and stated job creation and income predictions, which would not be so great.

Posted by .(JavaScript must be enabled to view this email address) on 06/18 at 10:08 AM

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