Biden to Announce GM Plant Reopening
October 26, 2009 by Stephen Kersey
Filed under Business
Vice President Joe Biden is expected to visit a closed General Motors plant in Wilmington, Delaware, on Tuesday, where he is expected to announce that same plant’s reopening. According to reports, Biden will also announce that the plant will focus on constructing plug-in hybrid electric cars instead of traditional vehicles.
Fisker Automotive Inc, a California-based venture capitalist firm, has decided to purchase the former GM assembly plant and renovate it so that it is capable of mass-producing hybrid vehicles. The information comes from a source that is reportedly close to the reasons surrounding Biden’s visit to the Wilmington plant.
Fisker’s chief executive and founder, Henrik Fisker, is also expected to visit the Tuesday event to help Vice President Biden make the formal announcement. The White House has only stated that Biden is scheduled to attend the plant to make a major announcement but has released no further details regarding the reasons for Biden’s visit.
Fisker (Image: Flickr)
