Posts Tagged ‘hybrid car’
GM Plant, Hybrid Car Company Purchased
U.S. hybrid car producer, Fisker Automotive, will operate again in the Delaware General Motors factory that was closed to build fuel-efficient vehicles, electric cars.
Vice President of the United States, Joe Biden, said at local time, reopening the plant was part of the government’s determination to start producing Obama’s fuel-efficient vehicles in the world’s largest economy. ”Thanks to a real commitment from government, loans from the Department of Energy, U.S. corporations creativity and resilience of large government partners, such as Delaware, we’re on our way to help the U.S. auto industry to return to the top position in world markets,” said Biden.
Fisker Automotive said it has signed a memorandum of understanding with Liquidation Motors Co.., (MLC), formerly known as General Motors Corp., To purchase the Wilmington factory worth U.S. $ 18 million. Investors that the company owners said it would spend additional funds worth U.S. $ 175 million to update and retool the factory for three years.
The funds came from a conditional loan worth U.S. $ 528.7 million from the Department of Energy provided to the company in September. This loan is part of the Advanced Technology Vehicle program Manufakture loans worth U.S. $ 25 billion, which was prepared by the Congress in 2007. Meanwhile, the remaining funding requirement of U.S. $ 169 million is a loan from Fisker which will be spent in a place that company in California and Michigan.
Fisker will use the plant in Wilmington to work on projects that produce electric vehicles Nina’s family oriented. The plan, Fisker start production in late 2012 and will be full-capacity vehicles 75000-100000 units in 2014. This new hybrid vehicle will be drawn by an electric motor-powered lithium-ion batteries. When the battery is discharged, the car will be powered by a generator driven gasoline engine. The car would be sold for about U.S. $ 39,900 after deduction of state tax credits
