Car Throttle

News broke just yesterday about the possibility of a Fisker plant at General Motors' Wilmington, Delaware facility where the Pontiac Solstice and Saturn Sky roadsters were produced. Now it's official, as the announcement was made today! Fisker executives made the announcement onsite, along with Vice President Joe Biden, Delaware Governor's Jack Markell and other state officials. The plant being reopened is welcome news to the many that lost their jobs in the recent plant closure. Fisker intends to purchase the dormant company from the Motors Liquidation Company (MLC), the part of General Motors that still remains in bankruptcy, for a paltry sum of $18 million. The plant is being purchased for the production Fisker's low-cost Project NINA. The company recently secured a $528.7 million dollar loan from

The most recent report about Fisker was right - the company is coming out with a low-cost plug-in hybrid and has received a lon from the Department of Energy to do it. Not only did Fisker get the loan, but the awarded amount is actually larger than Tesla's. What a surprise! Part of that has to do with the fact that Tesla's first vehicle, the Roadster, is already out and developed. That enabled the entirety of Tesla's request to go towards the design and development of the Model S. Fisker's loan totals $528.7 million and is intended for two model lines. The first part is $169.3 million for "engineering integration costs" on the Karma. The second stage is a $359.36 million loan for the development of