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You are here: Home / Car News / Fisker News / Fisker buys GM Plant – Project Nina moves on

Fisker buys GM Plant – Project Nina moves on

October 27, 2009 By Cars UK

The Fisker Karma - to hit the market in 2010 with the Fisker Nina following in 2012

The Fisker Karma - to hit the market in 2010 with the Fisker Nina following in 2012

Fisker Automotive has bought a redundant GM plant in Wilmington, Delaware to produce a new low-cost electric hybrid – Project Nina.

All the news from Fisker until recently has been about the development of the Fisker Karma, a luxury plug-in hybrid electric car. But last month we reported that Fisker had been granted a DOE loan to complete the task of bringing the Karma to market and to develop and build a smaller, more affordable plug-in hybrid to be built in the US.

We’re pretty sure Henrik Fisker has been utilising the DOE money to push the Karma to market for 2010, but we’re a bit surprised that he’s jumped in with both feet so soon to snap up a former GM production plant in Wilmington, Delaware to make the new Fisker ‘Nina’.

Fisker has paid ‘Old GM’ – otherwise know as ‘Motors Liquidation’ – $18 million for the idle plant and plans to spend $175 million over the next three years to develop the plant and the new ‘Low-Cost’ plug in hybrid – project Nina – which Fisker aims to sell for just under $40k. Mind you, by the time you factor in all costs it would probably end up costing £40k when it gets to the UK.

The plans for Project Nina (we don’t actually know if Henrik Fisker intends calling it the Fisker Nina or if it’s just a project name – but we’re working on it) are ambitious. The aim is to create 5,000 jobs and be producing up to 100,000 cars a year by 2014, with 50% of those cars going for export. That figure will make Fisker the biggest domestic car exporter in the US.

Looking interesting.

Related:

Filed Under: Fisker News Tagged With: Eco Cars, Electric Cars, Hybrid Cars, Project NINA

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