California-based Fisker Automotive has signed a letter of intent with Motors Liquidation Co. (MLC), the former GM, to purchase the Wilmington plant for $18 million. The luxury automaker recently won approval for $528.7 million in government loans to develop plug-in hybrids. The vehicles to be built in Delaware under Fisker's Project NINA will cost about $40,000 after federal tax credits. They will be able to run mainly on electricity for short trips and a combination of electricity and gasoline for longer ones.
A Fisker plug-in hybrid-electric car is seen at the Frankfurt Auto Show in Frankfurt, Germany, September 15, 2009.(AP Photo/Michael Probst)
AP
Fisker expects Project NINA will create or support 2,000 factory jobs and more than 3,000 vendor and supplier jobs by 2014....the plant reopens in 2012 after retooling. "This is a major step toward establishing America as a leader of advanced vehicle technology," said CEO Henrik Fisker, who described the production of electric hybrids as part of "the most dramatic change in the car industry ever."
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