Possible Future Use
Fisker Automotive has chosen the plant to launch its Project Nina, a plan to build plug-in hybrid sedans that cost less than $40,000 with a federal tax credit, according to the automaker. Vice President and former Delaware senator Joe Biden joined Fisker executives for the announcement at the plant.
Fisker says it will begin production on its vehicles by late 2012; Project Nina will eventually create or support 2,000 factory jobs as well as 3,000 vendor and supplier jobs. By 2014, it expects production to enter full swing, turning out 75,000–100,000 vehicles per year. It expects to export more than half of these vehicles, which would be the largest export percentage of any domestic automaker.
The automaker will spend $175 million to retool the GM plant with the funding coming from the $528.7 million Department of Energy loan awarded to Fisker in September. Fisker currently only offers its electric sports car, the Karma.
Read more about this topic: Wilmington Assembly
Famous quotes containing the word future:
“I shall soon be six-and-twenty. Is there anything in the future that can possibly console us for not being always twenty-five?”
—George Gordon Noel Byron (1788–1824)