Don Panoz's EV company wants to build a factory in Honduras
May 30, 2018  Kyle Hyatt

Green4U e-SUV

Green4U has signed a memorandum of understanding with plans to build a major
factory on the Honduran coast.

Don Panoz is a busy guy despite being over 80 years old. His sports car
company Panoz has a whole heap of racing wins under its belt and was a
perennial Gran Turismo favorite, but now he's got something new going: it's
called Green4U and according to Reuters, it's planning on opening a factory
in Honduras of all places.

So, let's start with what Green4U is -- apart from a truly terrible name.
It's an electric vehicle manufacturer that plans on building rugged SUVs and
golf carts and buses and probably some other stuff, too, because why not?
It's cool because its forthcoming MTU-6 electric SUV looks like a cross
between an old Land Rover Defender 110 and a Toyota FJ55 Land Cruiser, but
you know, with six doors.

It's a mish-mash of old school SUV styling, extra doors and no four-wheel
drive but we're kind of into it.

Anyway, Green4U (can't get over that name) is going to be the first company
to build an automotive assembly plant in the Central American nation of
Honduras, which is mostly known for having both one of the world's highest
murder rates and lowest rates of prosecution for crimes. Cool.

Anyway, Don Panoz signed a "memorandum of understanding" (which totally
sounds like a rejected title for a Cake album, but is a real and totally
normal thing in business, we swear) with the Honduran government. The
proposed factory would require around $20 million over the next five years,
and there are currently three locations being scouted, each close to a port
on the Atlantic coast of Honduras.

We're not really sure what the point of the MTU-6 is, but we'll go with it.

If the factory gets built and things go to plan, this could mean the start
of a lot more investment by American manufacturers in Central American
production facilities; an industry which the region sorely needs.

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