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Fisker Automotive to reopen GM plant to build hybrid vehicles

By Gina Roos

Fisker Automotive is purchasing a former General Motors Corp. (GM) factory in Wilmington, Delaware, to produce long-range, plug-in electric hybrid vehicles. The company expects to build between 75,000 and 100,000 of the vehicles annually by 2014. »

Fisker Automotive gets $528M loan from DOE for hybrid vehicles

By Gina Roos

The Department of Energy (DoE) announced a $528.7 million conditional loan for Fisker Automotive for the development of two lines of plug-in hybrid vehicles. The project is expected to create or save approximately 5,000 jobs for domestic parts suppliers and thousands more to manufacture a plug-in hybrid in the U.S. »

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