- Associated Press - Wednesday, June 17, 2015

RIVERSIDE, Calif. (AP) - Fisker Automotive and Technology Group will re-enter the luxury automotive market by opening a manufacturing plant in Moreno Valley.

The Riverside Press-Enterprise reports (https://bit.ly/1Iku907 ) the company announced Tuesday that it plans to open its first U.S. manufacturing plant in the city and create 150 full-time manufacturing jobs at the start of production.

A City of Moreno Valley press release stated that the plug-in electric vehicle Karma will be produced by Fisker in a 556,000 square-foot facility in the South Moreno Valley Industrial Area.

Mayor Jesse Molina called Fisker’s move to the city a landmark moment.

Fisker was founded in 2007 and received a $529 million loan commitment from the U.S. Department of Energy to build its hybrid vehicles. According to the Orange County Register, the company went bankrupt in 2013.

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Information from: The Press-Enterprise, https://www.pe.com

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