"Motors Liquidation Co., the holding company formed by General Motors (GM)'s bankruptcy, sold its Wilmington Assembly Plant to Fisker Automotive for $20 million, or $7 per square foot, via approval of a bankruptcy judge.
The 3 million-square-foot manufacturing facility at 801 Boxwood Road in Wilmington, DE, was shut down last July, resulting in the building's vacancy.
Fisker Automotive is spending $175 million to renovate the facility, beginning this year. The automaker intends to use the plant for the production of lower-cost plug-in hybrid cars with on-board generators."
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