AM General made the decision Thursday morning to sell off their commercial assembly plant, but that doesn't mean any of the 400 plus workers at the plant will be losing their jobs.

Under AM General, it was used to assemble cars. Luckily it was bought up by a Silicon Valley-based car company called SF Motors.

Because it's the same type of work, the two company's are priding themselves on keeping the 430 jobs the plant has. Apparently, they would have been lost if the deal didn't happen. The plant currently only has one existing contract that expires at the end of the year. In that situation, the plant would shut down and the jobs would be gone. This deal lets all 430 employees keep their jobs and all they have to do is undergo some short training.

“Today’s announcement is positive news for our community and proof that the Hoosier workforce is second to none," Representative Jackie Walorski said in a statement. "This investment in South Bend and Mishawaka will keep hundreds of auto worker jobs here and further solidify northern Indiana’s position at the forefront of American manufacturing and innovation. I look forward to working with SF Motors and AM General to ensure as smooth a transition as possible for employees and to keep our local economy growing.”

The big difference they'll see is the type of car they'll be making. SF Motors specializes in electric cars and plans on using the plant to make "Intelligent electric vehicles" opposed to the Mercedes-Benz they make now.

Just because SF Motors is moving into the commercial assembly plant, doesn't mean AM General is leaving. They'll still be working separately out of their military assembly plant next door.

The deal is set to close sometime during the winter of 2017.

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