The former Dallas Morning News facility acquisition enhances manufacturing capacity for innovative low-speed electric vehicles.
Denago ev, recognized for innovative golf cars and advanced low-speed vehicles, recently purchased the former Dallas Morning News printing plant in Plano, Texas, for $43.5 million—a strategic investment underscoring the company’s ambitious growth plans. Occupying nearly 29 acres, this expansive facility will serve as Denago’s primary southern U.S. manufacturing and production hub.
According to Culture Map Dallas, DallasNews Corp. CEO Grant Noise highlighted the transaction’s significance in streamlining operations and effectively addressing pension liabilities, thereby significantly enhancing the company’s financial stability. The move to a smaller facility in Carrollton is projected to yield annual savings of approximately $5 million, reinforcing operational efficiency.
This major acquisition emphasizes Denago EV’s strategic focus on expanding manufacturing capabilities and infrastructure. Leveraging the substantial resources and space provided by the Plano site positions Denago to significantly scale its production, improve logistics, and better meet growing demand for high-quality, sustainable personal transportation solutions in the region. n
