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.