Bannon Automotive, a New York based company, has received a state package of grants and tax incentives worth close to $7 million to build a plant in Syracuse that will churn out electric plug-in hatchbacks as early as late 2010, reports MSNBC.
The company hopes to have their financing in order by the end of this year as they will invest $26.5 million themselves into the facility... Read more at eGMcarTech.com