British billionaire Sanjeev Gupta is set to bid for industrial assets at General Motors Co’s former manufacturing site in South Australia as reported by Reuters.
Mr. Gupta looks set to change the face of the Australian car industry. He also has plans to use solar energy in providing power in manufacturing steel.
Mr. Gupta’s GFG Alliance wants to use technology that was developed by its partner Gordon Murray Design in building the electric cars.
Based on discussions I have had with the GFG Alliance I understand that, should they be the successful bidder, they intend to develop the site as a manufacturing base for an electric vehicle.
Tom Koutsantonis, South Australia state treasurer