Odds dim for Fisker production in Delaware

By Randall Chase, Associated Press 1:25pm, January 2, 2014
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 new 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 now 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, then resell it.

Chinese auto parts conglomerate Wanxiang Group Corp. is offering a competing bid for Fisker but says it would resume vehicle production in Michigan, not Delaware.

A trustee was to hold an initial meeting of Fisker's unsecured creditors on Thursday.

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