Fisker Automotive, a California-based start-up, will purchase General Motors’ shuttered Wilmington, Delaware assembly plant and begin producing a new line of “affordable” plug-in hybrids at the facility, starting in 2012, the company confirms.
As TheDetroitBureau.com reported yesterday, word of the purchase had leaked out, with Vice President Joe Biden, a former Delaware Senator, scheduled to attend the formal Tuesday morning announcement.
Fisker is the eponymous creation of Danish designer Henrik Fisker, a former stylist for Ford and best known for his work at the British luxury sports car manufacturer, Aston Martin. His firm plans to begin producing its first plug-in, the $87,900 Karma sports car, next year.
Karma will be produced by the Finnish automotive specialty manufacturer, Valmet, but Fisker will produce the next plug-in on its own, in part as a requirement to get $528.7 million in federal loans drawn from a fund created to encourage the development of high-mileage and alternatively-powered automobiles, the $25 billion Advanced Technology Vehicle Manufacturing program.