Electric-Carmaker Fisker Automotive to Purchase Assembly Plant in Delaware

AlixPartners LLP, business-advisory firm and managers of the estate of "Old GM’ (Motors Liquidation Co.), announced MLC has signed a letter of intent to complete its first major asset sale: the sale of a former GM assembly plant in Wilmington, Del., to premium carmaker Fisker Automotive Inc. of Irvine, Calif., which has said it plans to build plug-in electric vehicles in the plant.

Fisker Automotive will be paying MLC $18 million for the 3.2-million-sq.-ft. plant, which was commissioned in 1947 and until this summer was building Pontiac Solstice, Saturn Sky and Opel GT models.

Fisker Automotive is a green American premium sports car company with a mission to create a range of environmentally friendly cars.

The concept was created between two independent companies who clearly wanted to make a difference in not only the automotive industry, but to the environment as well. Fisker Coachbuild, LLC and Quantum Technologies announced this joint venture partnership in September 2007. Fisker Coachbuild will provide exclusive design services for Fisker Automotive while Quantum Technologies (QTWW – a publicly traded company) will provide the latest technological advancements. Each car will feature cutting-edge plug-in hybrid penned as Q DRIVE exclusively for all Fisker Automotive vehicles.

Fisker Automotive strives to be a serious environmental alternative to other premium performance luxury cars on the road today. Fisker Automotive will be the first company in the world to have this type of a car on the road – a beautiful fast car that makes environmental sense.