Wednesday, August 27, 2014
Inquirer Daily News

Ex-GM plant in DE will hire 1,500 to build electric cars: reports

"California startup Fisker Automotive Inc. is in advanced talks to buy an old General Motors Co. plant in Wilmington, Del., to build a plug-in electric hybrid vehicle that would hit the U.S. market in 2012," reports Wall Street Journal

Ex-GM plant in DE will hire 1,500 to build electric cars: reports

Update: A month after it was awarded half a billion dollars in U.S. government subsidies, California-based Fisker Automotive Inc. has made a decision to build its next luxury model in the U.S., at one of the shuttered auto plants in Delaware, home of Vice President Joe Biden, who'll announce the deal tomorrow, says LA Times here.

Biden and Fisker boss Henrik Fisker will visit the plant at Stanton, Del., just west of Wilmington, to make the announcement, says Reuters here.

Fisker "is in advanced talks to buy an old General Motors Co. plant in Wilmington, Del., to build a plug-in electric hybrid vehicle that would hit the U.S. market in 2012," reports Wall Street Journal here.

"Russell Datz, a spokesman for Fisker, said that talks were continuing and that the company planned to make an announcement Tuesday... Fisker Chief Executive Henrik Fisker said earlier this week that the company had identified a U.S. site to build a $48,000 hybrid vehicle marketed toward families. The plant would likely employ at least 1,500 workers and produce up to 100,000 cars annually" at GM's 60-year-old Boxwood Road plant, which made Saturns before it shut in July.

Delaware's other auto plant, Chrysler Corp.'s Newark works, also shut last year. The University of Delaware said Friday it had agreed to buy the 272-acre site for $24.5 million, while assuming responsibility for environmental clean-up, to build a techonology center, pending approval from bankruptcy court.

 

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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