‘Old’ GM May Offload Plant on New-Age Automaker

The “old” General Motors Corp. – now known by the name Motors Liquidation Co. – could be on the verge of completing a deal that would bring in some revenue to pay back some of the former GM's creditors, according to a report over the weekend from the Wall Street Journal . Motors Liquidation reportedly is ready to sell its assembly plant in Wilmington, Del., to Irvine, Calif., new-tech automaker Fisker Automotive Inc. The company, whose CEO is Henrik Fisker, a former designer for BMW AG, has made headlines in recent years with his Fisker Karma extended-range electric vehicle, a slinky, nearly-$90,000 sport sedan set to go on sale next year. The Karma will be produced in Sweden under contract with known low-volume vehicle assembler Valmet Automotive.

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‘Old’ GM May Offload Plant on New-Age Automaker

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