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.
GM will provide $5 million in funding to the Indiana automaker to help accelerate production of its plug-in hybrid commercial vehicle.
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.
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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