Hybrid Kinetic Motors says it can raise money for Baldwin County plant | Breaking News from the Press-Register - al.com

Hybrid Kinetic Motors says it can raise money for Baldwin County plant | Breaking News from the Press-Register - al.com: "MONTGOMERY, Ala. -- Hybrid Kinetic Motors Corp. officials said Tuesday the company is on track to raise $1.3 billion this year in an effort to build a mammoth auto assembly plant near Bay Minette.

The news came as the company signed a four-year contract worth 400 million euros (about $570 million) with leading auto design and engineering firm Italdesign-Giugiaro SpA. HK Motors and the design team showed off a concept car that the Italian firm created in 2008 as inspiration for the high-mileage, multi-fuel cars that HK Motors wants to build."