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.

Fisker Karma

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.

The modernized Wilmington Assembly plant was selected for its size, production capacity, world-class paint facilities, access to shipping ports, rail lines and available skilled workforce.

"This is a major step toward establishing America as a leader of advanced vehicle technology," said Henrik Fisker, CEO. "Wilmington is perfect for high quality, low volume production and will soon be the proud builder of world-class, fuel-efficient Fisker plug-in hybrids."

Fisker Automotive has signed a letter of intent with Motors Liquidation Co. (MLC), formerly known as General Motors Corp. to purchase the Wilmington plant for $18 million after a routine four-month evaluation period.

An additional $175 million will be spent to refurbish and retool the factory over the next three years.

Funds will come from a conditional loan of $528.7M the Department of Energy awarded the company in September.

The loan is part of the $25B Advanced Technology Vehicle Manufacturing loan program (ATVM) appropriated by Congress in 2007 to help the United States lead in the development and manufacturing of advanced technology vehicles.

Fisker Karma

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 U.S. and Europe.

Fisker plug-in hybrid cars will help remove the country's dependence on foreign energy by eliminating the need for 42 million barrels of oil by 2016. They will also offset 8 million tons of carbon dioxide emissions.

"With our close-knit business, government, and educational communities and our potential to respond rapidly to new opportunities, today's announcement is a testament to what works best in Delaware. Fisker is a perfect partner in shaping Delaware's economic future, and we are thrilled that the vehicle that can reshape the automobile industry will be built here in Delaware, by Delaware workers." said Governor Jack Markell (D-Delaware).

Gary Casteel, UAW director responsible for the plant, said, "It gives me great pride to give UAW Local 435 workers the opportunity to partner with Fisker Automotive to create a greener America by building a plug-in hybrid car that will compete globally."

ABOUT FISKER AUTOMOTIVE, INC.

Fisker Automotive is a privately owned, premium American car company with a vision to lead the automotive industry into the next-generation of automobiles with high-end design expertise and eco-friendly powertrain technology. Global headquarters are in Irvine, California, USA.

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 the automotive OEMs. Previously, Fisker, CEO, was design director for Aston Martin and 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.

Image Gallery

The new Alfa Romeo Tonale is currently being launched in the most important European countries. For this occasion, Alfa Romeo has opened a new flagship store in Milan. The...read more

Toyota announced the results for the fiscal year ended March 31, 2021. The plan for how the company will achieve climate neutrality by 2050 was also presented, with an approach based...read more

Volkswagen takes one of its famous models and develops it from the ground up as a passenger car, packing it with all of the Volkswagen Group's latest technology advancements. The all-new...read more

Considering purchasing a second-hand vehicle? Before you fork up the money, read these useful car buying tips to ensure you're receiving what you pay for. A few reminders:When working on a car, all...read more

Buying a brand new car can be extremely expensive, which is why a lot of people choose to buy used. If you are dead set on having a new car though, you can always lease one; a scheme which gives you...read more

Citroen returns to the 2CV philosophy, through the concept it presents at the world premiere at the Frankfurt Motor Show. Dressed in an updated body, the Citroen Revolte concept has an...read more

If you're looking for a compact crossover that can also deliver some serious performance, you might want to check out the BMW X1 M35i xDrive. This is the most powerful and...read more

Powered by the new Mitsubishi Plug-in Hybrid System, which significantly extends the frequency a hybrid vehicle is driven in EV mode, the Mitsubishi Concept-PX* MiEV returns fuel economy over 50 km/...read more

We do not see this every day ... a Lamborghini Huracan worth about 300,000 euros has been abandoned in a ditch after an accident. The car belongs to a wealthy investor specialized...read more

The new rechargeable hybrid Mitsubishi Eclipse Cross PHEV has upgraded its design with a new and elegant sporty SUV look and increased comfort. In addition to the modern exterior and...read more

Categories