June 17, 2009 03:17 pm MONROE, La. (AP) — A startup automobile company plans to assemble a new fuel-efficient vehicle in Louisiana, creating an estimated 1,400 jobs. State and company officials announced Wednesday that San Diego-based V-Vehicle Co. will take over the vacant Guide Corp. plant in Monroe. The state put up an incentive package of $67 million to fund improvements and expansion of the plant, while Monroe-area local governments put up another $15 million. The company was founded in 2006 by former Oracle Corp. executive Frank Varasano, who says production would begin in about 15 months.
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