Fisker Automotive missed a Sept. 30 deadline for $883,295 in local taxes, according to the News Journal. Since it missed its deadline, Fisker Automotive forfeited its county tax break and now owes over $1 million.
The cleanup of bankrupt company Abound Solar Inc. will cost an estimated $3.7 million, according to Northern Colorado Business Report.
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.