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Business Briefing / Automobiles

Fisker to buy idled GM plant

October 28, 2009|Times Staff and Wire Reports

Luxury automaker Fisker Automotive Inc. of Irvine has agreed to buy a closed General Motors assembly plant in Delaware to produce plug-in hybrid electric cars, the company said.

Fisker has signed a letter of intent with Motors Liquidation Co., formerly known as General Motors Corp., to buy the Wilmington, Del., plant for $18 million.

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