Indiana city pays $4 million in hopes of a factory

The city of Connersville, Indiana – the state whose treasurer repeatedly tried to stop Chrysler’s emergency from bankruptcy – has paid Visteon (the former Ford parts group) $500 for a heavily contaminated plant which the city will spend $4 million cleaning. The Visteon site plant be used by Carbon Motors if it succeeds in obtaining a $310 million federal loan. If Carbon Motors gains its loan, it will produce police cars that will compete with the new Chevrolet Caprice, built by the largely government-owned General Motors, and the Dodge Charger, built by a Chrysler Group which owes billions of dollars to the government.

Carbon Motors claims that it will hire up to 1,500 people once it receives the third of a billion dollar loan from the government.