Fisker Exec Admits Zero Cars Made In U.S.

Despite Nearly $200 Million in Taxpayer Loans

BY:

Bernhard Koehler, COO and co-founder of Fisker Automotive, admitted Wednesday zero cars have been made by the embattled company despite receiving nearly $200 million from the Department of Energy.

Direct questioning by Rep. Mark Meadows (R., N.C.) on the failure to make cars domestically, including the "Karma" which costs more than $100,000 to buy, came in the wake of reports that the Energy Department was warned as early as June of 2010 Fisker was failing to meet its goals but did not suspend the loan for another year.

White House spokesman Jay Carney was asked Wednesday about the electric car manufacturer's failure and possible ramifications for future green energy projects by the Obama administration. Carney nevertheless maintained the government's investments in alternative energy were "positive and necessary."

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