Fisker Automotive, Irvine, Calif., finalized on July 19 its purchase of a onetime GM factory in Delaware where it will build plug-in hybrid electric vehicles.
The Southern California-based environmentally driven automotive company took full possession of the 3.2 million-sq.-ft. Wilmington Assembly plant in Wilmington, Del., for which it paid Motors Liquidation Co. $20 million. Motors Liquidation is the holding company formed by General Motors Corp.’s bankruptcy.  -Read more-

A pair of Ford factories near Detroit will add 170 jobs during the next two years as the carmaker opts to build battery pack and gas-electric hybrid transmission assemblies in Sterling Heights and Ypsilanti Township, Mich., facilities. The company plans to invest $135 million this year and next. A federal grant will cover approximately half the cost of the operations.

2010 Ford Fusion hybridWith the rapidly growing concern over carbon emissions in the environment paired with highly volatile fuel prices, the hybrid car industry is rising steeply.