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Fisker to buy GM factory
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Henrik Fisker, CEO and founder of Fisker Automotive, announced today that the electric car company will purchase a currently closed General Motors plant to produce their next generation of vehicles.
The plant, located in Wilmington, Delaware, produced more than eight million cars while operated by General Motors between 1947 and June 2009, including the Saturn Sky / Pontiac Solstice / Opel GT Roadster. The facility makes up over three million square feet and is surrounded by 142 acres of land.
Fisker will use the plant to produce "Project NINA," the midsize plug-in hybrid that, in an interesting twist, appears will be a direct competitor with the Chevrolet Volt, GM's midsize plug-in hybrid.
Fisker is paying $18 milllion for the building and the equipment that comes with it, and an additional $175 million for setting the factory up to produce Fisker's cars. Fisker is using the money loaned to the hybrid automaker from the US Department of Energy in September. (The full story can be read here.)
The plant is expected to start production in the second half of 2012, eventually producing between 75,000 and 100,000 cars a year, resulting in an estimated 5,000 new jobs for the Wilmington area.
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