Electric car maker Fisker Automotive has finalized the $20 million purchase of a former General Motors Co. plant in Delaware where it plans to make a new plug-in hybrid sedan that will go on sale in 2012.
The California-based automaker expects to employ more than 2,000 people at the plant.
Fisker also makes the Karma, a plug-in hybrid sports car it plans to start selling later this year for $87,900. The sedan that will be built in Delaware will be a lower-cost family car.
(READ the AP article at WTOP)