Friday, October 23, 2009

Crucial deal sets stage for Reva electric car plant in Central New York | News from The Post-Standard -

Crucial deal sets stage for Reva electric car plant in Central New York | News from The Post-Standard -: "Syracuse, NY -- A company that wants Central New York workers to build a new generation of electric cars for North America has struck a crucial agreement with the Reva Electric Car Co. of India, removing one of the last hurdles to a deal for a new local assembly plant.

Bannon Automotive, of Long Island, has secured an exclusive North American licensing deal with the company, according to sources familiar with their negotiations.

The partners want to open their first North American plant in Onondaga County, where several sites are under consideration, the sources said. A state official said Monday that Bannon plans to renovate a 150,000-square-foot building in Clay.

The plant would initially employ 100 people, with the potential to add many more as the plant ramps up to full capacity."

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