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Fisker Automotive Near Deal to Aquire GM's Wilmington, DE Assembly Plant

 
2,163 views Oct 24, 2009

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Now reported widely around the web, Fisker Automotive seems to be near a deal to acquire General Motor's Boxwood Road assembly plant in Wilmington, DE, where GM produced the Saturn Sky and Pontiac Solstice.  GM is discontinuing both the Saturn and Pontiac brands.

Fisker Automotive intends to build their next hybrid electric vehicle, currently known as Project NINA, at the Boxwood Road assembly plant.  The Department of Energy loaned Fisker Automotive $528 million to complete development on their current offering, the Fisker Karma and Karma Sunset, and develop their next vehicle, Project NINA, so part of the loan is clearly allocated to buying this assembly plant.

Earlier this week, Fisker Automotive's Tier 1 supplier for their series hybrid propulsion system, Quantum Technologies, announced that they have developed a new 4wd, diesel-electric hybrid propulsion system for both military and commercial applications.  While Fisker Automotive is a joint venture between Fisker Coachbuild, LLC and Quantum Technologies, Quantum Technologies would likely sell their propulsion systems to most any automakers.

[Source: Wall Street Journal]





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Comments (4)

  1. By pat Posted: 10/25/2009 1:49pm PDT

    Any EV car less than $20K will not sell...witn economy in tail spin & unemployment so high they have to come up with a small 2 seater car with 100miles range ..& chrage time 10-20 mins at a gas staion etc ..
     
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  2. By Jason M. Hendler Posted: 10/26/2009 5:07am PDT

    Pat, did you mean to say over $20K? There are automakers developing the types of cars you describe. Fisher's vehicles do have a market as priced - just look at Tesla.
     
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  3. By N Riley Posted: 10/26/2009 12:37pm PDT

    I wish I could afford a Fisker Karma or any of the others Fisker may produce. Their design is so much better than GM's Volt. The Volt is ok, but it does leave a little to be desired.
     
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  4. By thecarlover.com Posted: 12/1/2010 6:11am PST

    Well I guess different people have their own taste when it comes to choosing a car. Thanks for the post anyways. You can also find interesting information by visiting my site at http://thecarlover.com
     
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