A Michigan van maker that received $50 million in loan money from the Department of Energy has stopped operations and laid off 100 staff members.
The Obama administration knew embattled electric carmaker Fisker Automotive Inc. was struggling but continued to give the company money, according to new documents obtained by the Associated Press.
The chief executives of embattled electric car manufacturer Fisker Automotive and an official from the Department of Energy loan program will face questions from Congress on Wednesday after the government-backed company’s failure.
A $25 billion Department of Energy loan program responsible for federal investments in automotive companies like the struggling carmaker Fisker has not closed a loan in two years.
Emails obtained by the Washington Times paint a damning picture on the Obama administration’s claims that its loans to solar companies are apolitical.
An Obama administration official actively collaborated with a prominent left-wing think tank in 2011 to advance the president’s green energy agenda, in possible violation of federal law, emails obtained by the Washington Free Beacon show.