American automaker Fisker Automotive finalized its purchase of a former GM factory where it will build plug-in hybrid electric vehicles.

 

The southern California-based company is now in full possession of the 3.2 million square foot Wilmington Assembly plant in Wilmington, Delaware, for which it paid Motors Liquidation Company (MLC) $20 million. MLC is the holding company formed by General Motors Corporation’s bankruptcy.

 

The purchase is supported by a $528.7 million Department of Energy loan for the development of two lines of plug-in hybrids.

 

The Wilmington plant will be home to Project NINA, Fisker’s second line of plug-in hybrid electric vehicles.