Fisker Automotive – A Two Year Old Company Takes Over an Idle GM Plant

Only in America…can a two year old company, a company with its roots in California and not in Michigan, take over a plant that once the largest automaker in the world (GM) had to shut down.

Here is the press release from Fisker:

Fisker Automotive has selected the Wilmington Assembly plant in Wilmington Delaware to build affordable plug-in hybrid cars. Fisker executives made the announcement inside the dormant facility today, joined by Vice President Joe Biden, Delaware Governor Jack Markell and other state officials. 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 and create 2000 factory jobs and more than 3000 vendor/supplier jobs when production reaches full capacity in 2014.

According to this USA Today report, Fisker will receive a zero interest 12.5 million dollar loan from Delaware, that if played right, may never have to be paid back. In addition, no property taxes and utility costs for a few years may help make the company get the assembling line moving to profitability. This plant will focus on a more affordable family-oriented plug-in hybrid sedan as compared to their $87,900 current luxury sedan, the Karma.

2010 Fisker Karma
2010 Fisker Karma

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Auto Upkeep 4th Edition

Michael Gray

Mike has roots in the automotive service industry. He began diagnosing and fixing cars at a young age in his family’s service station. He has worked in automotive parts supply stores, towing companies, and service facilities. After graduating from St. Cloud State University (MN) with a Bachelor’s degree, he implemented and taught a basic car care program at the high school level. During work on his Master’s degree at Illinois State University (IL), he was a curriculum specialist on a National Science Foundation project where he co-authored ten integrated mathematics, science, and technology books designed for team teaching. Mike has also supervised teachers in Career and Technology Education as a school system administrator.

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