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Saturday, April 19, 2014
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Published: 1/3/2014

BUSINESS BRIEF

Fisker buyer planning to resell old GM plant

BLADE NEWS SERVICES

WILMINGTON, Del. — Any hope Delaware officials may have had that Fisker Automotive’s new owner would build cars at a former General Motors plant in Wilmington may have been dashed with a court filing.

The electric-vehicle manufacturer, which received a $529 million loan commitment from the Department of Energy, sought bankruptcy protection in November.

Hybrid Technologies, which recently bought the outstanding DOE loan balance and wants to buy Fisker, indicated in court papers this week that it plans to buy the former GM plant along with Fisker’s other assets and resell it.



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