Report: Fisker Expected to Build New Affordable Plug-In Hybrids at Former GM Plant in Delaware

Colum Wood
by Colum Wood

Having recently been awarded a $500 million loan by the U.S. government to build affordable pug-in hybrids, Fisker Automotive is expected to build those cars at a shuttered General Motors plant in Delaware. Vice President Joe Biden is expected to announce tomorrow that the California-based Fisker company will revive the Boxwood Road facility in Wilmington.

The plant, which built the Pontiac Solstice, Saturn Sky and their Opel variant, closed only recently as a result of GM’s decision to eliminate the Pontiac brand and sell-off Saturn.

The half billion dollar loan that Fisker recently received is part of the Department of Energy’s $25 billion Advanced Technologies Vehicle Manufacturing Loan Program. Fisker said it, “represents a significant step in America’s future.”

A portion of the loan will go towards final development of the luxurious and expensive Karma PHEV. The Karma uses a technology similar to the Chevy Volt, but is considerably more powerful, allowing the 403hp luxury car to hit 62 mph in six seconds while getting 67 mpg. It can drive on pure electric power for up to 50 miles, with a total extended range of 300 miles.

The majority of the loan will go towards building a new generation of plug-in hybrid electric vehicles (PHEVs) that will cost $39,900 after tax credits.

Fisker says the project will create or save at least 5,000 jobs among U.S. auto suppliers and in manufacturing the hybrids.

[Source: DetroitFreePress]

Colum Wood
Colum Wood

With AutoGuide from its launch, Colum previously acted as Editor-in-Chief of Modified Luxury & Exotics magazine where he became a certifiable car snob driving supercars like the Koenigsegg CCX and racing down the autobahn in anything over 500 hp. He has won numerous automotive journalism awards including the Best Video Journalism Award in 2014 and 2015 from the Automotive Journalists Association of Canada (AJAC). Colum founded Geared Content Studios, VerticalScope's in-house branded content division and works to find ways to integrate brands organically into content.

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