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ANDERSON, IN - Bright Automotive, Inc. announced that it has entered into an agreement for AM General LLC to be Bright's exclusive North American assembler for the Bright IDEA vehicle platform.
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GM will provide $5 million in funding to the Indiana automaker to help accelerate production of its plug-in hybrid commercial vehicle.
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DETROIT and ANDERSON, IN - Bright Automotive and General Motors Co. announced Aug. 3 they have agreed to pursue a strategic relationship. GM has provided $5 million in funding to the Indiana automaker, the first funding action by the newly formed General Motors Ventures LLC.
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Bright Automotive says high volume production of the IDEA will begin in the U.S. by the end of 2012, with an annual run rate of 50,000 units beginning in 2013.
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