NEWARK, DE—GE Aviation will invest $27 million to expand its assembly plant here to boost production of ceramic matrix composites, which are used to make advanced aircraft engine components. The move will create 70 jobs.
WASHINGTON—The U.S. Department of Energy has seized $21 million from troubled automaker Fisker Automotive Inc. just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems. Fisker had received $192 million in federal loans before a series of problems led U.S. officials to freeze the loan in 2011.
