V-Vehicle to Build Cars in Louisiana

V-Vehicle Logo
A new car company with backing from Silicon Valley venture capital firm Kleiner Perkins and billionaire investor T. Boone Pickens intends to manufacture fuel-efficient cars in Louisiana, at the site of a closed General Motors auto supplier's plant. V-Vehicle Company said it will approximately double the size of the facility and hire more than 1,400 workers to produce a "high-quality, environmentally friendly and fuel-efficient car for the U.S. market," according to a press release issued this morning.

That's about all the information the company is willing to release at this time, though there's speculation the car will be powered only by gasoline and that it won't be a hybrid, full-electric or other alternative-powered vehicle.

"We're not prepared to talk about the product yet," VVC spokesman Joe Fisher told Cars.com this afternoon. "But V-Vehicle believes the new car will reconstruct the entire automobile [manufacturing and sales] process from beginning to end to provide extra value to customers."

Fisher says the "V" in V-Vehicle Company stood for value when the company was founded in 2006 by CEO Frank Varasano. Varasano graduated from the U.S. Naval Academy before serving as a nuclear engineer aboard atomic submarines. After serving in the U.S. Navy, Varasano got an MBA from Harvard.

The company has been operating in stealth development mode for the past two years since receiving venture funding from Kleiner Perkins and other investors.

Former Mazda designer Tom Matano, who helped design the Miata, is heading up VVC's vehicle design department.

Asked why the company chose to build cars in the U.S. instead of another country, where labor rates might be lower, Fisher said he wanted his company to be an American one.

"Varasano believes in the American sense of ingenuity," he said. "This is an American car company building a product for American consumers. It only makes sense to build it in a place like Louisiana."

By Mike Levine | June 17, 2009 | Comments (23)
Tags: In The News

Comments 

mark

im a nurse and want a position in monroe where do i apply

mark

im a nurse and want a job in monroe where do i apply i have 20 plus years in factory work

Chris Philips

I feel so sorry for folks in Louisiana who are falling for this scam, Governor Jindal included. Al Gore's involvement, coupled with the lack of available information on the company tells me that it's a big shell, designed to suck up "green" grants from the Obama regime.
We've seen this type of game before: The principals will draw a hefty paycheck for a couple of years (funded by "investors", ie: little old ladies whose pensions are managed by professional fund managers), the State of Louisiana will throw some tax concessions at them and then the whole thing will quietly disappear, leaving the "investors" holding the bag.

Re: Comments by Chris Phillips:

If T.Boone is in for this, the chance of an intentional scam hovers between slim and none. He has not become a multi-billionaire by suffering fools gladly

Get Real

Algore will profit from recycling Photo Hut buildings to be utilized as dealerships for these new cars.

Mike

Chris Philips, I have a pretty good B.S. detector too and you seem to be on to something.

Not olny does this smell fishy but I also smell a rat.

I don't have any details but something's not adding up.

i would like to see the cars they produce and then buy one a few year later so they can work out its kinks

kevin

boy, you guys are a bunch of optimists. someone tries to do something new and bold and you sit on the sidelines and belittle them with "algore" and "baroke" cracks. someone is out there busting their ass to actually do something and the only words you can utter are negative. you should support industry in this country and support innovation and support someone trying to revitalize manufacturing and energy efficiency instead of being such assh*les and mocking everything.

Muscled Cars

Pickens' Plan was all about using natural gas and wind power, yet this won't be a natural gas-powered vehicle? This activity does sound like a grant-grabbing shell company.

Mike

Kevin, we DO support people who are "out there busting their ass to actually do something" all we ask is that you show us what has been done.

You can't run in "stelth mode" if you're getting patents on things that are "new and bold". Patents are public records so if this company had anything TRULY innovative, you'd see it on the cover of Popular Science, Motor Trend and WIRED magazines.

Running a shell company to suck up taxpayer money is not goin to "revitalize manufacturing and enery efficiency" any more than Enron did, it's only going to damage the few manufacturers who have managed to survive thus far.

Sorry, am I being an assh*ol for ripping on Enron too?

Pogue Mahone

This will be either hydrogen or natural gas powered. With Boone Pickens involved, my bet is firmly on the latter. But one thing is absolutely certain: as soon as the company becomes unionized, it signs its own death warrant on the spot! It will self-destruct the moment the unions get a foot in the door - that is the ONLY reason that all of Detroit is destroyed today! But I don't expect them to learn this lesson ever.

mike

All I have to say is.. Can't wait to see the next generation of American made automobiles!

James

So, how do I get a job at this V-Vehicle Company?

Pudgie

This isn't a case of reinventing the wheel. The technology is already out there to build a fuel-efficient gasoline-powered car.

All they have to do is build a car body similar to Toyota's 1/X concept, fit it with an efficient 4-cylinder (or 3-cylinder due to low weight?) gasoline engine, and you would have a car that got pretty phenomenal gas mileage without requiring a hybrid drive train.

Well, good news for all the louisiana folks out there.

Yea that was kinda great specially for my uncle.

Robert

I am a safety Tech in the oil and gas industry and looking for a job closer to home. I think my 12 years of experance in Safety will be a great asset .. Where do I apply.

BOB

I am doing demo at the site, and everything is very secretive. Something truly smells fishy here.

Janice Parnell

Where can I apply for this job?

shields

Where can I apply for this job?

If yoy guys want more info you can sign up for the mailing list at http://www.vvehiclelouisianajobs.com/

for more info

http://www.vvehicleforum.com

j morton

so another aptera, isn't it 2010 now ?
2e
Available in 2009, this all-electric model will give you over 100 miles per charge (300mpg). The 2e is can be charged

D

they are funded by google ventures...

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