Fisker Automotive

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Fisker Automotive is talking about moving forward with building its hybrid vehicles.

And the firm is looking at five states including Delaware.

Fisker entered into a partnership with a California company to provide the software to relaunch its plug-in hybrid car.

The Wilmington News Journal reports that company officials are hoping that it will provide the basis for arrangements that will allow the Fisker to own the technology for its cars.

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New Castle County would pay $9 million for the old General Motors plant on Boxwood Road near Newport.

The site was supposed to have housed a facility for Fisker Automotive – a deal that fell through when financing collapsed.

Councilman George Smiley said the county is looking for some kind of manufacturing but not an automotive company.

County Executive Tom Gordon told the Wilmington News Journal that he was looking to attract high-paying jobs.

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WILMINGTON, Del. (AP) - Fisker Automotive's unsecured creditors will get $35 million in cash and stock under a new bankruptcy settlement.

But the News Journal reports that Gov. Jack Markell's office warned Monday that despite last week's settlement, Delaware won't see much for the $21.5 million in economic development incentives it awarded Fisker in 2010.

Markell spokeswoman Kelly Bachman says in a statement that the state is not expecting a substantial recovery of its investment.

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NEWPORT, Del. (AP) - New Castle County officials say an affiliate of Wanxiang America has acquired the Fisker Automotive plant near Newport.

Paul Cumberland, Wanxiang America's director of investments, says the deal was recorded Monday as Wanxiang officially closed on the purchase of Fisker's assets.

The county says the Elgin, Ill.-based affiliate, WX Delaware Real Estate Holding Co., bought the property for $18 million, the same price Fisker paid in 2010. The county and state each received $270,000 in real estate transfer taxes.

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WILMINGTON, Del. (AP) - A Delaware bankruptcy judge has approved the sale of the remaining assets of failed electric-vehicle maker Fisker Automotive to Chinese auto-parts conglomerate Wanxiang Group.

In an auction stretching over three days last week, Wanxiang beat out Hybrid Technology, led by Hong Kong billionaire Richard Li, with a final bid of $149.2 million in cash and other considerations.

The judge approved the asset sale at a court hearing Tuesday.

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DOVER, Del. (AP) - A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it will build cars in Delaware if there's enough consumer demand.

Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.

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Fisker Automotive’s failed Boxwood Road plant has cost Delaware taxpayers $7.4 million.

The plug-in hybrid automaker wanted to reopen the former General Motors facility with the federal and state financial assistance.

The state’s economic development director Alan Levin said that Delaware put up $5 million for Fisker’s electricity bill and $2.4 million for the company’s natural gas service.

There’s $1.5 million left in the utilities funds although the last two months have not been counted up.

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Delaware Governor Jack Markell defended his plans to build a data center and a power plant at the former Chrysler site in Newark.

He told a town hall meeting last night that the projects would bring jobs to the state – especially in these difficult economic times.

Markell said, “We have to stop saying no.”

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In Washington Republican lawmakers on the House Oversight Committee blasted Fisker Automotive and the US Energy Department yesterday for nearly $200-million in loans to the ailing car company.

The Wilmington News Journal reports sayst that money went to not only development the gas-electric hybrid model called the Karma but also to buy the Boxwood plant in Delaware.

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WASHINGTON (AP) — The Obama administration says it has seized $21 million from troubled automaker Fisker Automotive Inc., just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems.

Fisker had received $192 million in federal loans before a series of problems led U.S. officials to freeze the loan in 2011.

In a statement Monday, the Energy Department says it recovered money from the company's approximately $21 million reserve account, which was set up as part of the initial loan commitment in 2009.