Automotive expert calls it "the end of the line" for Fisker
"We have had questions from the very beginning, long before the DOE (Department of Energy) got involved."
Chelsea Sexton, automotive alternative fuel advocate and founder of the Lightning Rod Foundation, says it was those questions that, in part, led to Fisker's demise.
The company laid off the majority of its workforce Friday, further diminishing any hopes it will ever build cars at the former General Motors Plant on Boxwood Road in Newport.
But Sexton argues, someone should still build cars there.
"It does have, in part because of Saturn, some innovative processes and manufacturing capabilities, so whether it's a start-up or an existing automaker, many of them are having to expand their hybrids, their plug-ins, and develop new products, and so there's no particular reason why that plant shouldn't be occupied again. But it is a matter of when and by who," says Sexton.
The state has said it would seek to maintain ownership over the GM plant if Fisker files for bankruptcy. Sexton believes there's a 10-percent chance some company may want to buy Fisker out of bankruptcy.
State officials would also have to move to recoup the $21 million investment, given to Fisker to occupy the plant and put Delawareans back to work.
Copyright © Aug 31, 2014, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
Advanced permission from Delmarva Broadcasting Company required for publication or rebroadcast.