Fisker Will Not Make Cars at Closed GM Delaware Plant, Senator Says
Recalls, car break downs, and financial problems haven’t stopped Fisker. The California-based EV company is starting to emerge from the abyss of bankruptcy as its assets are being sold to Hybrid Holdings LLC led by Hong Kong businessman Richard Li. But the EV company’s troubles are far from over as it has to find a place to produce new cars, and hopefully fast. Under an agreement with the U.S. government, the new owners of Fisker must produce the Karma sedan somewhere in the U.S. This location won’t be the closed General Motors plant it bought in Delaware, according to U.S. Senator and former Delaware governor Tom Carper. “I’m a glass-half-full guy, but it’s hard to see how this ends up with Fisker building cars in Delaware,” Carper told Bloomberg News. He also said that future models would likely be produced overseas. This is a thorn in the side for many who have always wanted to see a U.S.-funded company create jobs locally. Fisker won a $529 million loan from the U.S. Department of Energy back in 2009. The company, however, only received $192 million of this money because it failed to meet production targets. However, Hybrid Holdings said it wants to implement a business plan that keeps design and engineering processes in California, Energy Department spokesman Aoife McCarthy told Bloomberg. The original Karma was produced in Finland, but no Fisker cars have been produced since July 2012. Source: Bloomberg
Ford and GM plant closures are scheduled through January to get rid of excess inventory and retool for new...