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Fisker Buys Former GM Factory

July 20, 2010

IRVINE, CA - Plug-in hybrid automaker Fisker Automotive Inc. has completed its purchase of a former General Motors assembly plant in Wilmington, Del., at a cost of $20 million, the Los Angeles Times reported. 

The 3.2 million-square-foot factory was previously closed by GM. Fisker will use the facility to build its Nina model, a $40,000 plug-in hybrid aimed at the mass market. The company plans to produce 100,000 a year by 2013. 

Fisker Automotive is led by auto designer Henrik Fisker. 

Plans for the factory acquisition were originally announced in October 2009. 

In April Fisker drew a $529 million loan from the U.S. Department of Energy.

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