Fisker finalizes purchase of former GM plant to build plug-in hybrids

Fisker Automotive has finalized its purchase of a former GM factory where it will build plug-in hybrid electric vehicles. Fisker paid Motors Liquidation Company $20 million for the Delaware factory. The plant, the purchase of which made possible by part of a $528.7 million DOE loan, will serve as the home of Project NINA and create more than 2,000 jobs.

“This is a major step toward creating thousands of manufacturing jobs and restoring America as a leader in the global auto industry,” said Bernhard Koehler, COO, Fisker Automotive. “Wilmington will be instrumental in fulfilling our plans to export more than half of Fisker premium plug-in hybrid production to global markets.”

Fisker announced its plan to buy the plant in October of 2009 before being approved last month by a federal bankruptcy judge. The plant, which had opened in 1947, produced more than 8.5 million cars before closed in 2009.

Click here for more news on the Fisker Karma.

Refresher: Power comes from Fisker”s Q-DRIVE system, which is made up of two 201-hp electric motors that are powered by a lithium-ion battery pack. That allows the 2010 Karma to travel up to 50 miles without the use of any gasoline. A generator attached to a 260-hp turbocharged 2.0-liter Ecotec direct injection gasoline engine by General Motors provides an extended range of up to 300 miles. 0 to 60 mph comes in 5.8 seconds with a top speed of 125 mph.

– By: Stephen Calogera