Startup car co. assembles autos in LA, Employ 1,400 people

A startup auto company plans to assemble a new fuel-efficient car in LA, employing estimated 1,400 once production starts, state & company officials announced Wed. San Diego-based V-Vehicle Co. will take over a vacant plant in Monroe, Gov. Bobby Jindal said. LA put up an incentive package of $67M to fund improvements & expansion, as Monroe-area local governments put up another $15M. Former Oracle Corp. exec Frank Varasano, who founded VVC in 2006, said it applied for $340M in loans from the fed gov