Fisker Automotive Seeks Financial Partner - WMDT 47 News - Delmarva's Choice

Fisker Automotive Seeks Financial Partner

Posted: Updated:

NEWPORT, Del. - It appears Fisker Automotive's future in Delaware is looking extremely doubtful.

After a number of setbacks and challenges, the company reports they are now looking for a financial partner. The First State invested $21.5 million for the hybrid electric car maker to set up shop in the old General Motors plant in Newport. Now, officials say Fisker does intend to continue with their plans in Delaware, but if the company folds, the State of Delaware apparently has guidelines in their contract to recover that money, but it will not be easy.

"Now there will be a line, because Fisker had also received dollars from the Department of Energy, and from what I understand, a bank in California as well. So we would actually have to get it on a cue, and hope to receive our money in that fashion," Director of Delaware State University's Center for Economic Development Dr. Michael Casson said.

WMDT reached out to the Governor's office who say they have not totally given up on Fisker and will continue to keep an eye on the situation and evaluate their options.

  • Local NewsLocal News

  • Sunday, May 19 2013 12:11 AM EDT2013-05-19 04:11:16 GMT
    EASTON, Md. - Three people were injured today in an accident on Route 50 in Easton, leaving one in stable condition.Officers responded to the scene near the Maryland State Police Barrack.  Preliminary
    EASTON, Md. - Three people were injured today in an accident on Route 50 in Easton, leaving one in stable condition.
  • Saturday, May 18 2013 11:46 PM EDT2013-05-19 03:46:14 GMT
    MINEOLA, N.Y. (AP) - Authorities say a police officer's bullet killed a New York college student during the response to a home invasion at an off-campus home.    Nassau County homicide squad Lt. John Azzata
    MINEOLA, N.Y. (AP) - Authorities say a police officer's bullet killed a New York college student during the response to a home invasion at an off-campus home.
      
  • Saturday, May 18 2013 10:53 PM EDT2013-05-19 02:53:12 GMT
    RICHMOND, Va. (AP) - Virginia Republicans have chosen firebrand conservative minister E.W. Jackson's for lieutenant governor, the first black candidate the party has nominated for statewide office since
    RICHMOND, Va. (AP) - Virginia Republicans have chosen firebrand conservative minister E.W. Jackson's for lieutenant governor, the first black candidate the party has nominated for statewide office since 1988.
  • Most Popular StoriesMost Popular Stories

  • Jenn Falsetti
    Good Morning Delmarva Anchor
  • Sunday, May 19 2013 12:11 AM EDT2013-05-19 04:11:16 GMT
    EASTON, Md. - Three people were injured today in an accident on Route 50 in Easton, leaving one in stable condition.Officers responded to the scene near the Maryland State Police Barrack.  Preliminary
    EASTON, Md. - Three people were injured today in an accident on Route 50 in Easton, leaving one in stable condition.
  • Friday, May 17 2013 10:44 PM EDT2013-05-18 02:44:42 GMT
    SALISBURY, Md. - At approximately 4:30 p.m. today, an accident on northbound Rt. 13, just south of Delmar, shut down the road for about a half hour. Delmar police tell us two motorcycles and three cars
    SALISBURY, Md. - At approximately 4:30 p.m. today, an accident on northbound Rt. 13, just south of Delmar, shut down the road for about a half hour.
  • Contests

  • This week's Friday Freebie is a spa package, from Made Ya Look Salon and Day Spa in Rehoboth Beach. Valued at $150.
    This week's Friday Freebie is a spa package, from Made Ya Look Salon and Day Spa in Rehoboth Beach. Valued at $150.
  • Feeling the pain at the pump? We can help! Watch WMDT 47 News at 6 for our Spring Gas Giveaway. WMDT and Gordy Tiger Mart want to give away 30 $100 Exxon Mobil gas cards starting April 25, 2013. Register
    Register to win a $100 gas card!
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2013 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.