Fisker Automotive Buys Wilmington Plant to Build Plug-in Hybrid Cars

Fisker Automotive announced on Tuesday that it has selected the Wilmington Assembly plant in Wilmington Delaware to build plug-in hybrid cars. Fisker executives made the announcement inside the facility and were joined by Vice President Joe Biden, Delaware Governor Jack Markell when the announcement was made.

The plant will support Fisker Automotive’s Project NINA, the development and build of an affordable, family-oriented plug-in hybrid sedan costing about $39,900 after federal tax credits.

Production is scheduled to begin in late 2012. Fisker Automotive anticipates Project NINA will ultimately create or support 2,000 factory jobs and more than 3,000 vendor and supplier jobs by 2014, as production ramps up to full capacity of 75,000-100,000 vehicles per year. More than half will be exported, the largest percentage of any domestic manufacturer.

Fisker Automotive has signed a letter of intent with Motors Liquidation Co. (MLC), formerly known as General Motors Corporation, to purchase the Wilmington plant for $18 million after a four month  evaluation period.  An additional $175 million will be spent to refurbish and retool the factory over the next three years with funding coming from the conditional loan of $528.7M, which the Department of Energy awarded the company in September.

The company’s first car, the Fisker Karma, will be the world’s first production plug-in hybrid when it goes on sale this summer at retailers in the United States and Europe.

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