Fisker's first vehicle – the Karma luxury plug-in hybrid – is a slow-going project, but things are moving along with the company's next vehicle, the lower-priced ($50,000?) Nina. Motors Liquidation Co., the bankruptcy estate company spun off from General Motors, officially put into motion the sale of GM's old Wilmington, DE plant for $20 million. In case you were wondering, GM did talk with Toyota and Volkswagen about the plant, but Fisker "submitted the highest, best, and only formal offer received for the property during the extensive marketing period," Motors Liquidation said in court papers. Someone else can still bid on the plant, but there doesn't seem to be much interest in it except from Fisker.
The Wall Street Journal reports that there are also some environmental liabilities associated with the plant, but that Fisker will not be held responsible for cleaning them up. Instead, Fisker will need to figure out how bad the pollution is, and a Motors Liquidation trust will be created to deal with it. Fisker is using part of a $528.7 million DOE loan that was finalized in April to but the plant, which could build 100,000 Nina vehicles a year once its operational, maybe by 2014.
[Source: Wall Street Journal]