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Article: AlixPartners Client 'Old GM' Announces Agreement to Sell First Major Asset.
- Article from:
- Politics & Government Week
- Article date:
- November 12, 2009
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AlixPartners LLP, the global business-advisory firm that since last December worked to help keep General Motors Corp. away from a freefall bankruptcy and that since July has managed the estate of "Old GM" (Motors Liquidation Co.), today commented on the announcement that MLC has signed a letter of intent to complete its first major asset sale: the sale of a former GM assembly plant in Wilmington, Del., to premium carmaker Fisker Automotive Inc. of Irvine, Calif., which has said it plans to build plug-in electric vehicles in the plant.
It was announced that Fisker Automotive will be paying MLC $18 million for the 3.2-million-sq.-ft. plant, which was commissioned in ...
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