WAKARUSA, Ind. (AP) -- A recreational vehicle company plans a joint project with an electric engine maker in northern Indiana to begin producing what they say would be the first light-duty electric pickup truck.
Executives from Gulf Stream Coach and Electric Motors Corp. announced the project Thursday in the Elkhart County town of Wakarusa.
The companies said they planned to invest more than $80 million on building renovations and equipment for factories in Wakarusa and nearby Nappanee, where Gulf Stream is based. The companies estimate the project could have 1,600 workers by 2012.
The area has been hard-hit by the collapse of the RV industry, with Elkhart County's unemployment rate reaching 18.8 percent for March.