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Delaware Cautious of Fisker Automotive Financial Troubles

fisker automotive logo

WILMINGTON, Del. (AP) - State officials are taking a wait-and-see approach to the financial troubles of Fisker Automotive

The News-Journal reports that Gov. Jack Markell says the state's primary objective is to get people working at a closed automobile plant and the state will deal with issues with Fisker as they happen. Delaware has backed a plan to build Fisker cars at the closed plant with $21 million in loans and grant aid tied to employment targets.

Co-founder Henrik Fisker left the company earlier this month. The company has also said it is seeking a strategic partner and additional financing. A $529 million loan from the Department of Energy was suspended in 2011 because of battery problems in its vehicles.

Don Rush is the News Director and Senior Producer of News and Public Affairs at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.