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Delaware Cautious of Fisker Automotive Financial Troubles

WILMINGTON, Del. (AP) - State officials are taking a wait-and-see approach to the financial troubles of Fisker Automotive

The News-Journal reports that Gov. Jack Markell says the state's primary objective is to get people working at a closed automobile plant and the state will deal with issues with Fisker as they happen. Delaware has backed a plan to build Fisker cars at the closed plant with $21 million in loans and grant aid tied to employment targets.

Co-founder Henrik Fisker left the company earlier this month. The company has also said it is seeking a strategic partner and additional financing. A $529 million loan from the Department of Energy was suspended in 2011 because of battery problems in its vehicles.

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Don Rush is the News Director and Senior Producer of News and Public Affairs at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.