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USA: Electric-Car Maker Fisker Gets the OK to Buy an Old GM Plant

A former General Motors auto assembly plant will get new life after a court on Tuesday approved its sale to a fledgling maker of electric vehicles.

A federal bankruptcy judge approved the $20 million sale of the former GM plant in Wilmington, Del., to Fisker Automotive, a California-based plug-in electric vehicle start-up, which announced plans to buy the 3.2 million-square-foot plant last October.

Fisker hopes to build 100,000 vehicles a year when it gets the plant fully up and running. Production is expected to begin in 2012 and eventually employ as many as 2,000 workers.

The plant’s sale is a rare success for the “old GM,” now officially known as Motors Liquidation Co., in trying to dispose of its assets, The Detroit News reported. Court records show old GM tried for a year to sell the Delaware property, noting that it was “a particularly challenging task.”
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