Fisker Automotive announced they would be making an announcement on where their next automotive plant would be located this week. But the cat may be out of the bag. (Source: Delawareonline)
The Boxwood Road plant near Newport may be the new site for Fisker. They have toured the plant, idled since GM closed the plant in July. Fisker intends to build as many as 100,000 electric hybrid sedans annually at the site starting in 2012.
The 3.2 million square foot plant was used to produce the Pontiac Solstice, Saturn Sky and Opel GT sports car.
Any sale would have to be approved in bankruptcy court, since GM left the plant behind during their bankruptcy.
Fisker received a federal loan for several hundred million which is expected to be used to renovate the plant.
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