Fisker Automotive has had a tough year, making the news for everything from recalls to presidential politics – Mitt Romney called the company a "loser" during the debates – to a car catching on fire to Justin Bieber chroming his Karma plug-in hybrid (PHEV) and then getting paparazzi involved in a crash as they chased after him.

A lot of this was not the company's fault. Who can control Bieber, after all, or what gets said in the heat of a campaign? Also, the fire was not due to the advanced plug-in hybrid powertrain in the Karmas, but was instead the fault of a shoddy cooling fan. But still, the problems piled up. Now there's a new one.

Add the oldest state in the union to the list of who Fisker 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 PHEV 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 been announced.

Either way, Fisker's obligation to Delaware would come after the company repaid the approximately $200 million it owes the US government. This money is part of a Department of Energy loan that was initially slated to be $529 million had Fisker hit certain production deadlines and targets for its first model, the Karma. Those didn't happen, and now a problem with an important supplier continues to hold things up. Fisker production is frozen while bankrupt battery supplier A123 Systems clears up its ownership situation. Earlier this month, the China-based Wanxiang Group reached an agreement through the Delaware bankruptcy court to buy A123 Systems, though that agreement is being scrutinized by some members of Congress over the potential leakage of US trade secrets to China. Johnson Controls isn't done with the deal, either.


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  • 354 Comments
      Joe Wentz
      • 2 Days Ago
      It is next to impossable for a start up in the auto industry to overcome the big three! Add to that, the imports, and this company has an up hill climb to even bring its product to market, much less be successfull!!!
      Wazzzup?
      • 2 Days Ago
      Ah.....the smell of sweet politics.....throw money for votes...we ar on the eve of destruction....oh wait I mean edge of cliff :=]
      • 2 Days Ago
      No product. No market demand. Nothing but a promiss based on California dreaming.
      gp341
      • 2 Days Ago
      Talk about calling the kettle black Mr Loser Romney.
        Tom
        • 2 Days Ago
        @gp341
        Oh, he is far from a loser. You couldn't afford to polish his shoes. Did someone hurt your feelings by showing you how your idols are throwing our money away ?
        • 2 Days Ago
        @gp341
        Really? Obama waste more of our money and that is all you can say?? You must be a product of our fine school systems that can only churn out communists.
      karaokecdgs
      • 2 Days Ago
      Come on you Socialist Obama Supporters , please continue to make the case for your leader. You have your marching orders in hand, don't stop now !!
        Ron
        • 2 Days Ago
        @karaokecdgs
        Still bitter because the black man won eh? Yeah thats right i said it, you cone head republicans hold on to your bitterness longer than any mammal on the planet earth and it is soooooooo lame. How about you obstructionist get out of the way and maybe we can try and make this country great again.
          paintppa1
          • 2 Days Ago
          @Ron
          if we let him has his way he will continue his destruction of the republic. black, white, red, green...makes no difference to me.
      mike edwards
      • 2 Days Ago
      arent we over a cliff with his added 6 trillion dollars in debt from his last four years in office common demmys wake up you voted the pres in now whats his plan he kept telling us he had one just never told the american folks
      • 2 Days Ago
      maybe if they lower the price of this pretty car to something reasonable more people would buy it. No car is worth a 100K...get real
      Terry the K
      • 2 Days Ago
      Guess where the factory for Fiskers is? Finland! Another looney green job stimulus package from the Obama administration to put Americans..........I mean the Finnish back to work. Perhaps we need to tell Jeff Immelt, Mr. Obama's Job Czar and CEO of General Electric, that this is costing American's job opportunities. Then again, Mr. Immelt has been outsourcing US jobs to China.
        bloveday36
        • 2 Days Ago
        @Terry the K
        obama knows this and that is his agenda - ruin America.
        vietnamvet1967
        • 2 Days Ago
        @Terry the K
        He sure has , But the MSM could care less, but this WH makes him his Job Czar, and he knows that
      nalarj
      • 2 Days Ago
      P.T. Barnum reincarnated!!!! Follow the misappropriated tax money in all these fiascos and you'll find the winner is always the con man and the loser is always the tax payer. Government Oversight is the worlds greatest oxymoron!!
        ghelm92160
        • 2 Days Ago
        @nalarj
        When the so-called oversight is administred by itself, this case being the government, it probably won't work to benefit anyone but the government!
      SVX pearlie
      • 2 Years Ago
      So Fisker is basically sitting dead in the water while this A123 thing plays out, betwen Wanxiang, Johnson, Delaware and the Feds? Holy crap, but that can't be good for business.
        Giza Plateau
        • 2 Days Ago
        @SVX pearlie
        Indeed it can't be good for business but Fisker was foregone before that. Fisker could use CALB batteries if that was the only issue.
        otiswild
        • 2 Days Ago
        @SVX pearlie
        They should probably partner with GM for the batteries, or a newcomer like Envia.
      Joey
      • 2 Days Ago
      IF China is interested in the power source, it should mean that they are on the right track, But under-capitalizaiton has killed more than one good idea. Try to remember what the Big Three automakers did to Tucker in the 50's or how it conspired to cut off funding to DeLorean ..... I trust none of them (Big Three, China, Japan etc). The US Dept of Commerce and the Attorney General ought to be "all over this" before the Chinese steal our technology and then sell it back to us as oil becomes obsolete for a huge variety of reasons.
      • 2 Days Ago
      This has all the soundings of the Bricklin car drama that unfolded in the mid 70's...The futuristic looking production gull winged car (the Bricklin SV-1) was supposed to put thousands to work and revolutionize safety in cars..a year and a half later after 2,600 cars were put together, they owed millions in back loans to investors and government loans, and then filed bankruptcy. Everyone one else was left holding the bag for pennies on the dollar..for those of you that don't know, this is where Delorean got his idea for the car he made, and "Back to the Future" promoted one turkey of a car. Fisker is a cool looking car, but has a lot of problems already...
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