Plug-in maker Fisker to buy idled GM plant
Upstart carmaker Fisker Automotive on Tuesday said it will purchase a plant in Wilmington, Del., to make a plug-in hybrid sedan.
The facility, which used to be a General Motors factory, will begin manufacturing a plug-in hybrid in late 2012, which the company expects will cost almost $40,000 after federal tax credits. U.S. Vice President Joe Biden and Delaware Gov. Jack Markell are scheduled to speak at an announcement ceremony on Tuesday morning.
Production of Fisker's "family-oriented" car, called Project Nina, will result in 2,000 factory jobs. The company anticipates making 75,000 to … Read more