INDIANAPOLIS (Jan. 21, 2014) – It was supposed to be the future of law enforcement and the key piece in the revitalization of an east central Indiana community.
Now, it’s up for auction.
This week, Key Auctioneers will auction off the E7 police cruiser, the sole prototype car produced by Carbon Motors. The company was founded in 2003 and settled in Connersville in 2009. But despite promises of jobs and the prospect of a $300 million federal loan, the company filed for bankruptcy in 2013.
Carbon Motors officials promised 1,500 new jobs. But after the Department of Energy loan was denied, area residents felt like they’d been taken advantage of. The company’s legacy is millions of dollars in unpaid loans, the E7 cruiser and other assets including computers, intellectual property and a tradeshow booth. Proceeds from the auction will go to repay some of the company’s debts.
According to Key Auctioneers, the E7 “includes automated license plate recognition, a weapons-of-mass-destruction detection system, forward and rear radar, 360-degree video and audio surveillance and an integrated touchscreen communications and command system.”
The car being auctioned off is the only prototype produced by Carbon Motors. It was built from the ground up as a police cruiser, and included design input from law enforcement officers and police departments. The company said it received more than 20,000 reservations for the car from every state in the U.S. as well as dozens of foreign countries.
The action is Thursday, Jan. 23 at 1 p.m. at 5520 S. Harding St., Indianapolis IN 46217. Online bidding will be available. For more information, visit the Key Auctioneers website.