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Tag: fisker
Fisker Bankruptcy Filing Could Come in the Next Week
Fisker Automotive, the green carmaker that received more than a $100 million in federal government loans, is preparing to file for bankruptcy protection and could do so as early as the next week.
Fisker Issuing ‘Large Number’ of Layoffs Today
Fisker U.S. Workforce on Furlough this Week
Fisker Automotive furloughed its entire U.S. workforce this week, according to Reuters.
A123 Sale Approved
Chinese firm buys bankrupt DOE-grant recipient, reportedly looking at Fisker
The sale of bankrupt electric-car battery maker A123 to Chinese firm Wanxiang America has been approved by the necessary interagency panel.
Betting on Green
Obama doubles down on failed green energy projects
President Barack Obama appears to be doubling down on his policies of using taxpayer money to finance green energy investments despite an increasingly spotty track record.
Shovel-Ready in Europe
Obama campaign ad touts record of giving billions to firms to create jobs overseas
A new Obama campaign ad accusing Republican presidential nominee Mitt Romney of shipping jobs overseas celebrates the president’s clean energy program, which has given taxpayer-guaranteed loans to foreign-owned companies and firms that manufacture their products outside the United States.
Fisker’s Follies
A luxury electric vehicle manufacturer may abandon its relationship with the Obama administration after an Energy Department loan was frozen, causing manufacturing setbacks.
‘Green Energy’ Loan Beneficiary Fisker Automotive Cuts Jobs
Fisker received $529 million in taxpayer funding
President Obama’s green jobs initiative hit another pothole Monday when an electric car company that received more than half a billion dollars in Department of Energy loans announced it was conducting layoffs. A Delaware state development official told the News Journal that Fisker Automotive, a California-based electric car company, is laying off employees to reserve …