US approves $500M loan for auto plant in Biden's backyard

US Department of Energy says today that it's approved "a $528.7 million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles" by California-based Fisker Automotive, which wants to build some of the cars at a vacant ex-General Motors plant in Wilmington. Previous report here. 
Also here.

Vice president Joe Biden, who trolled for votes for years at the plant when he was a Delaware politician, has been a prominent supporter of the deal, whose minority owners include at least two local investment firms.

Energy says Fisker "expects to manufacture the Karma and Project NINA lines at a recently shuttered General Motors factory in Wilmington" and that it "anticipates that it will employ 2,000 American assembly workers," not counting suppliers.

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