Heulitz faces the equivalent chapter 11 bankruptcy right now has designed the hybrid system but Argentum Motors has funded the project and has ownership to the IPR.The electric hybrid small car would roll out at the paris motor show.
Argentum is already looking at rolling out cars for manufacturers like proton,peugeot from its surajpur plant.In addition to heuliez it is also looking at a technical collaboration with another french high end engineering serices company.
Argentum already has formed partnerships with Concentric asia pacific and Dassault systems.Looks like Mr.BVR Subbu is heading for something big but hopefully they don't have their hands at too many ventures at the same time.
[SOurce:EconomicTimes]
