Fisker Automotive Missed Tax Deadline

Forfeits tax breaks, now owes over $1 million in local taxes
Fisker Automotive's Karma / AP

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.

Fisker Fireworks

House Oversight Committee examines federal loan to failed electric car manufacturer in contentious hearing
Henrik Fisker, founder of Fisker Automotive, testifies before the House Oversight Subcommittee on Economic Growth, Job Creation, and Regulatory Affairs / AP

Congressional Republicans examined the Department of Energy’s loan to Fisker Automotive despite objections from Democrats and obstinacy from the administration in a contentious hearing Wednesday afternoon.

Overseeing Failure

Fisker Automotive, Energy Department officials face congressional questions over electric car manufacturer’s failure
The Fisker Karma / AP

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.

Going Under

Electric car company fails to receive 90 percent of claim against battery manufacturer
AP

Electric car manufacturer Fisker Automotive received a fraction of what it sought in a lawsuit against its former battery manufacturer in a settlement in a Delaware court on Wednesday, the Associated Press reported.