/ Industry, News / Wanxiang Buys Fisker’s Plant in Delaware for $18 Million

Wanxiang Buys Fisker’s Plant in Delaware for $18 Million

Linked In Share
Wanxiang Buys Fisker's Plant in Delaware for $18 Million

Fisker Automotive has sold its plant in Delaware to Wanxiang America – after Wanxiang officially closed on the purchase of Fisker’s assets on Friday .

The papers have been signed at the end of last week and Fisker’s plant has been officially transferred to a an affiliate of Wanxiang America, the new owner. According to Paul Cumberland, Wanxiang America’s director of investments, the building located close to Newport has been sold for $18 million, the same price the plug-in hybrid auto manufacturer had paid for it back in 2010.

The new owner of the plant is WX Delaware Real Estate Holding, located in Elgin, Illinois. According to Antonio Prado, the county spokesman, the state and county each received $270,000 in real estate transfer taxes. As WX Delaware Real Estate Holding is an affiliate of Wanxiang, this means that Fisker’s plant belongs to the US arm of China’s largest auto parts manufacturer.

Last month Wanxiang won an auction for the plug-in hybrid auto manufacturer assets worth $149 million, beating a Chinese rival, Hybrid Tech Holdings LLC, which has managed to get its hands on Fisker’s federal loan.

Fisker was planning to launch its second generation line, the Atlantic, but a series of miscalculations and problems forced the company to file for bankruptcy protection in 2013.

Wanxiang promised to restart the brand and even use the Delaware plant for mass production.

by Mircea Serafim (my Google+) - Tuesday, March 25th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
Delaware Fisker fisker automotive fisker plant wanxiang


Discuss: Wanxiang Buys Fisker’s Plant in Delaware for $18 Million

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Troubled Marussia ‘sells’ Chilton’s seat to Rossi
Troubled Marussia ‘sells’ Chilton’s seat to RossiAug.21 (GMM/Inautonews.com) Kamui Kobayashi is not the only F1 regular sitting out this weekend's fabled Belgian grand ...
Brand new Audi R8 spontaneously combusts in Thailand
Brand new Audi R8 spontaneously combusts in ThailandA brand new Audi R8 has recently met its end in a fire which ate its body on a busy road in Thailand’s capital, Bangkok. While ...
One-off Pagani Huayra La Monza – new images hit the web
One-off Pagani Huayra La Monza – new images hit the webA new set of images with the one-off Pagani Huayra La Monza special edition has ended up on the web. Just a week ago, we were ...
2015 Ford Mustang might get a 10-speed gearbox
2015 Ford Mustang might get a 10-speed gearboxThe new generation of the Ford Mustang is about to get even hotter with the addition of a brand new 10-speed automatic ...
[VIDEO] Dodge Challenger SRT Hellcat on the dyno, is more powerful than announced
[VIDEO] Dodge Challenger SRT Hellcat on the dyno, is more powerful than announcedThe guys from Motor Trend have recently taken the brand new Dodge Challenger SRT Hellcat to the dyno where the muscle car has ...
Exclusive – Cadillac LTS flagship sedan to be launched in 2015
Exclusive – Cadillac LTS flagship sedan to be launched in 2015The new flagship sedan currently developed by Cadillac will be introduced in 2015. Cadillac has officially confirmed the ...
[VIDEO] Ferrari F40 – POV drive on the track
[VIDEO] Ferrari F40 – POV drive on the trackA new video uploaded on YouTube is showing a classic Ferrari F40 in action on the track, in a POV. Ferrari fanatics out there, ...
2015 Kia Sportage gets priced in the U.S.
2015 Kia Sportage gets priced in the U.S.The 2015 Kia Sportage has been updated for the new model year and it now gets a small price bump. Kia has officially updated the ...
Top five misses of new auto tech goodies
Top five misses of new auto tech goodiesOver the years, cars have become increasingly technological wonders – with many automakers heralding a revolution – the ...
Toyota GT 86 CS-R3 pricing released
Toyota GT 86 CS-R3 pricing releasedToyota has released the first pricing details on the recently unveiled GT 86 CS-R3 rally car. If you are interested in starting ...
[VIDEO] Renovo Coupe gets detailed in new clip
[VIDEO] Renovo Coupe gets detailed in new clipThe Renovo Coupe has received a new video in which the model in question is being detailed. The 2014 Pebble Beach Concours ...
GM top executive confirms Cadillac flagship plans
GM top executive confirms Cadillac flagship plansThe global product development chief of the No.1 US automaker – Mark Reuss – has finally put to rest ongoing speculation ...
[VIDEO] Volkswagen Golf Sportsvan – new review
[VIDEO] Volkswagen Golf Sportsvan – new reviewCarBuyer has recently posted a new review with the Volkswagen Golf Sportsvan in which it is trying to answer some practical ...
UK: July exports rise to new record
UK: July exports rise to new recordThanks to the introduction of new models and demand for high-end vehicles, production levels in Britain in July rose almost 3%, ...
US: federal authorities implement online recall info tool
US: federal authorities implement online recall info toolWith close to 40 million cars hit by recalls so far this year, and almost 70 million in the past two years, it would be quite ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

audi r8 fire thailand 1
pagani huayra la monza 1
2015 kia sportage 1
Toyota-GT-86-CS-R3-1
rolls-royce wraith forza motorsport 5 xbox one 1
bmw x2 render 1
Best present ever for 15-year old boy – brand new Pagani Huayra 1
mercedes-benz c-class brabus 2014 1
Spy-Shots of Cars
Spy-Shots of Cars
bmw m4 crash london 1
maserati alfieri united states 1

More automotive from inautonews
A brand new Audi R8 has recently met its end in a fire which ate its body on a busy road in Thailand’s capital, Bangkok. While the German based automaker Audi is currently working on a replacement for the current R8, the fire problem, which also affects a lot of supercars produced on the Old ...
read more
Inautonews Editors Section
Top 10 Ferrari F1 drivers No.4 Niki Lauda
Top 10 Ferrari F1 drivers No.4 Niki LaudaThe man that saved Ferrari…These are the first words that came in mind when you heard about Niki Lauda, “The computer”. He was fast, tough in ...
Top 10 Ferrari F1 drivers No.5 Fernando Alonso
Top 10 Ferrari F1 drivers No.5 Fernando AlonsoA relentless fighter with a stupendous stamina and a will to never give-up in the Nuvolari mood. Arguably the most accomplished driver of his era, he ...
Top 10 Ferrari F1 drivers No.6 John Surtees
Top 10 Ferrari F1 drivers No.6 John SurteesA giant of a driver. Brave, yet circumspect; sensitive, but tenacious. “Il Grande Gianni”-Big John. The tifossi loved him and gave him this ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: federal authorities implement online recall info toolWith close to 40 million cars hit by recalls so far this year, and almost 70 million in the past ... Recall roundup: Several Ford vehicles for three different problemsFord has recently issued three different recalls for several vehicles because of some different ...
Safety Section