Fisker's New Factory

" The box -- assembly plant formerly part of General Motors plug back into -- or the nation. Of that corporation with me -- one of the men. Is trying to reopen it CEO of -- automotive political -- leaked it to be yet so what was it about this plant. From the unfortunately large pool of available that manufacturing facilities around the country right now that would -- this."

" Let predicted this several aspects one of course publicize taken a politically and which was ridiculous down with existing equipment. It available workforce very important implication. And networking BCM on this program for a couple of months you turned out that the location yet so of course fantastic we export. 50% of our cars and -- ridiculous on its ally everything is still in the -- The pains -- in the plant is outstanding used one of the best in the country and had to work plus is available and ready for what's what's to come now with this go to what it."

" Now your -- in this plan and retooling of with the help of a 529. Million dollar loan. From the US government is -- thing in getting along contingent on choosing this particular facility."

" No it was not -- TV receive the money before he picked advance. But of course we already had a discussion with the department of energy and very early on I brought up this -- actually. As a viable plans for us and the -- he was very insisted in basically choosing a plan to create jobs in America. And to be part of this so we've been very open X the other all of the long process."

" And it doesn't -- to be building your second model here called project Nina. Part of the money's gonna go towards retooling this plants. Part of -- he's going to finishing the development of the first car that mr. Carmen which is not being engineered. In the United States using a lot of parts sourced in the United States ultimately. Assembled in Europe. On the development have been completed on time machine for second quarter next year went and we got this injection of cash."

" Well now of course now the you sexson received from the Department of -- is helping us greatly to immediately kicked off -- have a car production makes yet. Now the production infineon and in Europe as a reason why. We tried to find the factory in the US to reduce the talk. 15000 causes not avoided making him for those who owned factory and that was no assemblyman effects are available for us. So we had to go overseas into options we had was a -- and -- can -- at at the end. In the future however this access so after -- vice done. By the end of 2016. The success of for the probably be produced yeah so that they haven't -- you'll be moving -- 2016. -- runs out 2016 total reduction on its dozen cars and then every Kobe beef produced yet in folks who wrote."

" the other interesting things about selecting this plan it's UAW plant. You gonna be keeping any UAW plants most auto makers that are opening up new factories in the United States don't wanna touch that. With a ten foot pole its baggage that the victory of scare people away from why is this the decided that's a good way to go with the startup company."

" But I don't see it as a negative let me give you a little background I'm chrome seven have worked at B -- W -- 21 years and in Germany all the dance all human implants. And give -- force -- C it is crowded eligibility Beckett and that's because of high quality. I was in the US and actually for many years to Germany. I think it's it's a positive I think right now the union. Is ready for change we are ready for a change we can do this together right. Talks with Ron Gettelfinger and some other union representatives this it would exit debt -- we wanna use this as a role model. In the future to show how UAW and OEMs can work together."

" Now -- just by the plant beginning a lot of its ruling that's in the plant this factor used to build two seat sports cars how much of that is gonna be directly used -- project Nina. Or just going to be picking and choosing parts of it. And bring in some new equipment. Well that too -- is that really what we can use that specific to a program."

" But the -- so for example is almost carry over. We have the can be assisted in the building basically these this -- The kind of weather cause -- assembled or carry over and then need to spend approximately a 175 million -- in beat saluting. The factory to make it ready for all broke. There will be a lot of parts commonality between the General Motors product and the -- Well we basically take a look at landed them whatever we needed a decent beacon still talk to Jim about a business cards but you glued to I kind of real clean up in the plans. We -- have been retooling. To make Brady make Sylvia rated for eighth and explained as simply. Is under the chains because we wanna build several -- lines severance programs in the Valencia which means different what is styles because for the was. What good of those schools and it's like Russell wasn't as dubious. You're aiming for about a 100000 units 50% of those being exported. In other countries odd number of US auto makers -- foreign automakers with plants in the United States are starting to export from the US is the actor. Think it's becoming affordable here or is it about the technology. That is is available here and it can get out to the other country. When I think it's bullets missed the floating right now we lucky because the exchange rate between he would -- I mean he's very favorable to reduce costs in sending -- At the same time we have to be competitive we have to reach every market we have to -- cars in the US in Europe and in Asia. You're going to be started production in 32. When you actually start the job of re doing this to get ready for production -- Well we I expect that -- revealed the hours in that January next year it takes a couple of months to finalize all that he does. We though there was some innovation on the building bombing ignoring awards ABC for the people basically the rest rooms and then be putting this start next date August. And then hopefully O'Grady -- officer -- but -- at eleven. He would like to build helpful to types he and his plans to even before we stop production because they'll be production Bosnia with the work was hidden in books. This automotive has yet to build a car had to convince the federal government. Back -- you in this project. And it was at nine months due diligence process they really looked at everything. We did kind of of walks through those with the entire car. I think we showed at the end that we don't only kind of -- talking about that building are probably higher at the best executives in the world the best. People of building this call together was just the we have an outstanding team and the team effort is really the result kind of -- at the end we have a car and not just an idea."

" Your start -- company. A number of the larger automakers including General Motors is going to be having plugin hybrids. And other types of electric vehicles can be crowded market mean you're not jumping into a market that doesn't yet exist yet there's going to be a lot of competition and next here today. It's a start up companies like this -- ready to handle."

" Yeah we have an advantage because we and I'll -- of marketing his electric plug in hybrid next yeah. Being able to make us like it's a Europeans like BMW in the C it is an Alley they would come but not -- what 20142015. That would be some market hybrids in the US may be some coming from -- to you -- but we have an advantage we we have first to market and we have to -- used this for our benefit now."