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:
“For me chemistry represented an indefinite cloud of future potentialities which enveloped my life to come in black volutes torn by fiery flashes, like those which had hidden Mount Sinai. Like Moses, from that cloud I expected my law, the principle of order in me, around me, and in the world.... I would watch the buds swell in spring, the mica glint in the granite, my own hands, and I would say to myself: “I will understand this, too, I will understand everything.””
—Primo Levi (1919–1987)