Tuesday, October 27, 2009

Officially, official: Fisker buys GM's Wilmington Delaware plant


Filed under: EV/Plug-in, Hybrid, Manufacturing/Plants, Fisker


Fisker Karma - Click above for high-res image gallery


In Wilmington Delaware this morning, Governor Jack Markell was joined by Vice President Joe Biden and Henrik Fisker for the official announcement about the purchase of GM's closed plant there. Fisker will re-tool the plant to build a new more affordable plug-in hybrid sedan to slot in below the Karma. The goal is to have the model sell for under $40,000 after federal tax credits.

The current schedule is to have the car in production by the end of 2012 with volumes getting up to 75,000-100,000 units annually by 2014. Fisker has moved up the development schedule for what they are calling Project Nina thanks to the $528 million low cost loan it recently got approval for from the Department of Energy. During the announcement, Fisker stated that he wants to export half of the production from plant while creating 5,000 jobs in the US (2,000 at the plant and 3,000 at suppliers). The local UAW president was also on hand and it looks like the plant will remain unionized, very unusual for a startup auto plant.

Fisker is paying $18 million for the factory from Motors Liquidation which is the remainder of the old GM that is selling off assets from bankruptcy court. The plant most recently produced the Pontiac Solstice and Saturn Sky, both of which ended production last spring.

Gallery: Fisker Karma

fisker_karma006bfisker_karma016image003-fkfisker_karma_1747refisker_karma_1798re-3

[Source: Fisker Automotive]

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Officially, official: Fisker buys GM's Wilmington Delaware plant originally appeared on Autoblog Green on Tue, 27 Oct 2009 11:50:00 EST. Please see our terms for use of feeds.

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