Electric Cars

New electric car company hopes to keep production plant in Mishawaka

Electric Last Mile Solutions or ELMS produces small electric utility vans at the former Hummer H2 plant.
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Electric Last Mile Solutions or ELMS produces small electric utility vans at the former Hummer H2 plant.

MISHAWAKA — Electric Last Mile Solutions, a new electric van maker located in the former Hummer H2 factory, saw its stock plummet recently after a leadership shake up.

Last week, ELMS announced that company CEO James Taylor and Chairman Jason Luo had resigned following an investigation by a special committee of the board that determined some executives had inappropriately purchased equity in the company before ELMS announced an agreement to go public in December 2020.

The company said Shauna McIntyre, a member of the company’s board of directors, had been appointed to take Taylor’s place and that Brian Krzanich has been appointed non-executive board chairman, replacing Luo, and that its financial statements would be restated as they could no longer be connected upon.

New life for Hummer plant:Facility could be used to make electric vans

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