Published on March 28th, 2014 | by Christopher DeMorro


Delaware Fisker Factory Sold To Wanxiang For $18 Million

March 28th, 2014 by  

Originally published on Gas2.


With the purchase of the former GM assembly plant in Delaware, Wanxiang may finally make good on Fisker’s promise to produce cars right here in America. It’s been a bumpy road for Fisker, but things are finally looking up as it seems the automaker has fallen into the hands of the right buyer. Perhaps now it can become the company Henrik Fisker dreamed it could be.

The assembly plant, located near Newport, was sold to Wanxiang for $18 million, the same price Fisker paid for it in 2010, generating $270,000 in taxes for both the county and the state. The purchase of the factory is the last puzzle piece, besides the Fisker name itself, to restart production of the Fisker Karma. Last month, Wanxiang paid $149 million for the bankrupt automaker, and it already owns Fisker’s battery maker, A123 Systems.

With the factory in place, and a deal with Bob Lutz’s VL Automotive taking shape, production of the Fisker Karma could resume within a year. Fisker had promised, as part of its green loan, to build cars right here in America, but the first few thousand Karmas were built in Finland, and the company went bankrupt before the Delaware plant ever came online. Obviously this upset county and state officials, nevermind investors who are out of more than a billion dollars.

Wanxiang seeks to rectify that with the plant purchase, though until the first new Fiskers roll off the assembly line, I’ll maintain a certain level of bitter resentment. The Fisker Karma was all hype and no substance, and at the end of the day it looks like the Karma will become another gas-guzzling toy for the wealthy.

But hey, at least it’ll be made in America…right?

Source: Delaware Online

Check out our new 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.

Tags: , , , , , , , , , , , ,

About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.

  • Gas guzzling i f you never plug it in. I think the point of the Karma is that you will and you’ll only use gas when that’s not an option. Looking at my daily usage of my current car I’d put gas in the Karma about twice a year.

  • TedKidd

    Good luck selling 20,000 of those a year…

Back to Top ↑