Fisker Delays Nina Project Due to Missed DoE Deadlines

Construction on Delaware plant slowed and 26 workers are laid off as company seeks to re-negotiate 'milestones' in federal loan program.

Published: 07-Feb-2012

Fisker Automotive has laid off 26 workers in Wilmington and will delay construction of its Project Nina hybrid-electric car factory there because it has to renegotiate the terms of a loan with the U.S. Department of Energy, the company said on Monday.

Fisker missed DOE deadlines on emissions certification, production and sales of its existing Karma model so has to set new “milestones” with the federal government in order to qualify for $336 million in loans relating to its new car – dubbed Project Nina – to be built on the site of the old GM plant on Boxwood Road, said Fisker spokesman Roger Ornisher.

“We have temporarily delayed work at the plant based on ongoing discussions with the DOE regarding funding for the Project Nina program,” the company said in a statement issued from its Anaheim, Calif., headquarters. “As a result we have laid off 26 people.”
Some other employees were laid off at the California location.

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