NEWPORT, Del. (AP) - New Castle County officials say an affiliate of Wanxiang America has acquired the Fisker Automotive plant near Newport.
Paul Cumberland, Wanxiang America's director of investments, says the deal was recorded Monday as Wanxiang officially closed on the purchase of Fisker's assets.
The county says the Elgin, Ill.-based affiliate, WX Delaware Real Estate Holding Co., bought the property for $18 million, the same price Fisker paid in 2010. The county and state each received $270,000 in real estate transfer taxes.