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Live transcript from the Boxwood Automotive Plant, Delaware. Vice President Joe Biden and Fisker Automotive CEO Henrik Fisker speak.

10:37  Introductions, including Vice President Biden and Henrik Fisker.

10:40 First Speaker, Car Czar Ed Montgomery. He gets his largest applause when he says “This plant will allow us to export electric cars to other countries.”

10:43 Next Speaker, Rep. Mike Castle- He thanks Mr. Fisker for his company’s diligence in selecting the Boxwood plant.

10:48 Sen. Ted Kaufman- Miss quotes Jerry Maguire by asking “Where’s the Money?”, He’s proud to see that Delaware is leading the way for more green jobs in the US.

10:50 Sen. Tom Carper- “Hands that built Pontiac Solstice can build Ninas.”

10:59 Gov. Jack Markell- He says, “I can think of no better partner to reopen this plant than Fisker Automotive. ” There is still a lot more work to be done in order to bring the potential of Fisker Automotive into successful reality. He presents a gift to Henrik Fisker and Barney Koehler, a jacket with the UAW logo and Fisker logo on it.

Boxwood Auto Plant Announcement

11:11 Henrik Fisker, CEO Fisker Automotive- He starts by giving an overview of Fisker Automotive. ‘We have always planned to use the development of the Fisker Karma to bring down the price of the drivetrain for Project Nina.” Originally this was going to start in another 3 years, thanks to the loan this project starts today. ‘We plan to export at least 50% of the cars manufactured in this plant.”  Fisker choose this plant for several reasons. First, the skilled workers in the area. Second, the amazing reception they received from the governor and the other state officials. They really showed that they wanted Fisker to work with them. Delaware showed that they could do business in a fast and efficient way. Third, the plant has great facilities from the assembly line to the paint shop and more.

11:20 Dave Meyers, UAW- Thanks several people and then introduces “Our Joe.”

11:22 Vice President Joe Biden- He talks about the plant closing and how hard that was on the community and the individual workers and their families. The doubters were wrong about our ability to manufacture cars for the world. “I believe we can lead the world in automobile manufacturing for the next century.” “It’s a bad bet to bet against America!” The cars that we build here are truly going to be the cars of the future. Biden then goes on to mention his favorite quote from Henrik Fisker, “It’s not enough to build an electric car, it’s got to have muscle and it’s got to have looks.” From investments in battery technology to charging stations we are placing a bet on the future.  “Today’s announcement is the first sign that this bet is starting to pay off.”

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