Fisker Automotive’s purchase of the former GM Boxwood Road plant to build affordable, hybrid cars is not just about bringing 2,000 jobs back to Wilmington.
These jobs are also green jobs, the way of the future, according to state officials.
It is about restoring the American automotive industry back to the top of the world, in which the U.S. is a major exporter of cars, agreed Vice President Joe Biden and Fisker CEO Henrik Fisker at a Tuesday, Oct. 27 press conference.
Dealbook blog at the NY Times:
Vice President Joseph R. Biden Jr. was in Wilmington, Del., on Tuesday at a defunct G.M. plant that Fisker Automotive, backed by a $528.7 million government loan, will refurbish and use to make hybrids.
Luxury automaker Fisker Automotive is buying a shuttered General Motors assembly plant in Delaware to produce plug-in hybrid electric cars, officials said Tuesday.
The administration also sought to tie its energy initiatives to jobs. In Delaware, Mr. Biden presided over the reopening of a shuttered General Motors plant in Wilmington that has been acquired by Fisker Automotive, which plans to use it to build a new line of plug-in hybrid electric vehicles. In September, Energy Secretary Steven Chu announced a $528.7 million conditional loan for Fisker to develop two lines of plug-in hybrids, $359 million of which will go to revive manufacturing at the Boxwood Plant in Wilmington.
A hybrid-car maker plans to reopen the shuttered General Motors plant in Wilmington, Del., that employed several hundred Marylanders, igniting hope of new job opportunities for the laid-off workers.
Luxury automaker Fisker Automotive Inc. of Irvine has agreed to buy a closed General Motors assembly plant in Delaware to produce plug-in hybrid electric cars, the company said.
Fisker has signed a letter of intent with Motors Liquidation Co., formerly known as General Motors Corp., to buy the Wilmington, Del., plant for $18 million.
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