The former factory Mitsubishi is now owned by  Rivian Automotive

The former factory Mitsubishi is now owned by Rivian Automotive

14.01.2017 News

The American company Rivian Automotive purchased the plant, formerly owned by the Japanese carmaker, and intends to use it for the production of electric cars.

The reason for the suspension of production by the former owner at the Illinois plant was the fact that the model, which was produced there (light SUV Outlander Sport / ASX) was very low demanded.The deal on the transfer of rights to the new owner of the plant carried out in late 2016. The redemption price was $ 100 million.

Later the new owner of a company intends to reconstruct the plant, investing in this process $ 175 million (till 2024) and provide nearly a thousand new jobs. It is known the information that the company is also making plans for the organization of serial production of electric cars, which premiere shortly be held. This model will be producted within two years – in 2019.

Startup Rivian Automotive was founded in 2009 – in the times of economic crisis. The company believes that those difficult times in which she was able to withstand impacted on the team’s cohesion.

Also read: Japan’s Honda will invest a considerable sum of money in its production in Canada

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