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A large globe featuring an interactive display sits in a central square in Copenhagen, December 8, 2009. Credit: REUTERS/Bob Strong

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Biden to announce GM plant's reopening: source

WASHINGTON
Sun Oct 25, 2009 5:48pm EDT

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Vice President Joe Biden delivers a speech at the Central Univercity Library in Bucharest October 22, 2009. REUTERS/Bogdan Cristel

WASHINGTON (Reuters) - U.S. Vice President Joe Biden plans on Tuesday to visit a closed General Motors plant in Wilmington, Delaware, where he is expected to announce that it will be reopened for the building of plug-in hybrid electric cars.

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The California-based venture capital firm Fisker Automotive Inc has reached a deal to buy the former GM assembly plant and plans to use it for the manufacture of the cars, according to a source familiar with the details of Biden's visit.

Henrik Fisker, chief executive and founder of the firm, is scheduled to attend Tuesday's event, said the person who asked not to be identified in advance of the formal announcement.

A White House statement on Biden's visit said he planned a major announcement about the assembly plant's future but gave no other details. Delaware is Biden's home state.

The announcement is planned for 10 a.m. EDT (1400 GMT) on Tuesday.

(Reporting by Caren Bohan; Editing by Bill Trott)
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