Fisker Closes Deal, Now Officially Owns Delaware Manufacturing Plant

In what has been a delicate dance over the last 9 months, Fisker has been getting closer and closer to actually finalizing the deal to purchase an old GM car manufacturing facility in Delaware. Today, Fisker sealed the deal and reached an agreement with Motors Liquidation Company, the holding company for old GM assets that were not sold to the new GM through during its bankruptcy reorganization.

Fisker plans on building their 2012 “Project Nina” vehicle—a more reasonably priced $48,000 “family” sedan and sister car to Fisker’s flagship $87,000 Karma—at the plant.

The plant was bought with $20 million dollars of funds from the $530 million government loan Fisker received to help develop Nina along with a whole slew of ever more affordable plug-in hybrid sedans, coupes and crossovers—well, that’s the plan anyway. Fisker eventually expects that the plant will produce 100,000 plug-in hybrids every year.

Fisker’s ability to actually bring vehicles to market has recently been tested with repeated push backs of the expected release date for the Karma. Hopefully the official purchase of this plant will help Fisker to get back on track and focus on other things, such as actually getting the Karma into consumers’ hands.

Source: Automotive News

Nick Chambers

Not your traditional car guy.