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FISKER AUTOMOTIVE TAKES POSESSION OF FORMER GM FACTORY TO BUILD PLUG-IN HYBRIDS
The southern California-based company is now in full possession of the 3.2 million square foot Wilmington Assembly plant in
The purchase is supported by a $528.7 million Department of Energy loan for the development of two lines of plug-in hybrids.
The
"This is a major step toward creating thousands of manufacturing jobs and restoring
Fisker announced its intent to acquire the idled factory in October 2009. A federal bankruptcy judge approved the sale last month.
The Wilmington Assembly plant opened in 1947 and produced more than 8.5 million vehicles before closing in mid 2009.
ABOUT FISKER AUTOMOTIVE, INC.
Fisker Automotive is a privately owned, premium American car company creating environmentally conscious vehicles with passion, style and performance. Global
headquarters are in
The company was created in 2007 to leverage the design capabilities of Fisker
Coachbuild, LLC, founded by auto design veterans Henrik Fisker and Bernhard
Koehler, and the PHEV powertrain capabilities of Quantum Fuel Systems
Technologies Worldwide, Inc. (NASDAQ-QTWW), a major Tier 1 supplier of clean
vehicle technologies to automotive OEMs.
Previously, Fisker, CEO, was a board member and design director for Aston Martin, as well as president and CEO of BMW's DesignworksUSA. Koehler, COO, led operations for Ford's Global Advanced Design Studio and created concept cars for Aston Martin, MINI and BMW.