26 Dec '12, 9pm

Report: Fisker may owe Delaware money if factory plans fall through

Report: Fisker may owe Delaware money if factory plans fall through

Add the oldest state in the union to the list of who Fisker Automotive might owe money to if expansion plans for its extended-range plug-in vehicles fall through. California-based Fisker, which at one time planned to open a factory in Delaware for production of the Atlantic plug-in hybrid by the end of this year, could owe the state $21.5 million (in the form of a repaid grant and loan) if those plans never materialize, Delaware Online reports. Fisker, which had said the plant would employ about 2,500 workers at the factory, would owe $12.5 million if the automaker hires between 1,500 and 2,500 people, and another $9 million if Fisker doesn't hit the 1,500-worker quota. The latest news is that Fisker could start production on the Atlantic in 2014 or 2015, but where and when, exactly, has not yet been announced. Either way, Fisker's obligation to Delaware would fall behind ...

Full article: http://green.autoblog.com/2012/12/26/fisker-may-owe-delaw...

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