A startup company with plans to build high-tech police cars in eastern Indiana says its confident despite new competition from established automakers.
Carbon Motors Corp. says it has raised $100 million from private investors in recent months toward its project to develop the car, which it hopes to have on the market in 2012.
The company also is awaiting a decision on its August application for a $310 million federal loan to help finance engineering, model-building and crash-testing.
Company officials announced in July they had picked a former Visteon plant in Connersville as the site of a factory that they said could potentially have 1,550 workers.
Wind turbine maker plans Indiana plant
A startup company has announced plans for a development and production plant to produce small-scale wind turbines in southern Indiana.
WindStream Technologies Inc. said last week that its operations in New Albany could have more than 260 workers by 2012.
WindStream says its TurboMills are designed to capture wind energy in urban areas. The devices are intended as a low-cost way to supplement a customers electricity needs.
The Indiana Economic Development Corp. offered WindStream up to $1.5 million in performance-based tax credits for the project.