DEDO Director weighs in on Fisker situation

By Frank Gerace 4:54pm, December 12, 2012 - Updated 6:34pm, December 12, 2012
The director of the Delaware Economic Development Office says if the Markell administration had known then what it knows now, it may not have contracted with Fisker Automotive to build plug-in electric hybrid cars at the former GM plant on Boxwood Road.

The story from WDEL's Frank Gerace.

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Alan Levin tells WDEL News the deal with the carmaker seemed like a good idea at the time.

"Now, three years, four years later, we're now aware that the hybrid industry may not be what it was then. Maybe things would have been a little bit different today if we knew that hybrids weren't going to be the do-all and end-all in the car industry."

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Fisker got a 529 million-dollar loan from the Federal Department of Energy in 2010, and the loan was suspended after Fisker missed several production-related milestones, but Levin says the company is still "committed" to building cars in Delaware.

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