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Delaware taxpayers on hook as Fisker auto plant idles

Posted By -NO AUTHOR- On 01/05/2013 @ 7:09 pm In Money,U.S. | No Comments

(Fox News) Delaware taxpayers appear to be getting soaked twice under a deal in which the Democratic governor loaned $21.5 million to a hybrid electric carmaker to set up shop in the state. The company has yet to produce a car in Delaware, and taxpayers are footing the electric bill for the idle plant.

The deal was enthusiastically announced in 2009 by Gov. Jack Markell and Vice President Biden — formerly Delaware’s senior senator — as a way to bring as many as 2,500 green jobs to the state. But California-based Fisker Automotive Inc. has since suffered a series of setbacks that have compounded its shaky financial situation.

“It has not worked out the way he had envisioned,” Markell spokeswoman Cathy Rossi acknowledged Monday in a statement to FoxNews.com. “We didn’t know and couldn’t have known about the underlying technical and financial problems.”


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