Going Under

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

Washington Free Beacon Staff
April 17, 2013 6:29 PM

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.

Fisker Bankruptcy Filing Could Come in the Next Week

Washington Free Beacon Staff
April 9, 2013 9:57 AM

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 Automotive Fires 75 Percent of Workers

Washington Free Beacon Staff
April 5, 2013 2:43 PM

Fisker Automotive announced today that it would cut 75 percent of its workforce after failing to secure a deal an investor, reports Bloomberg.

The Solar Panel Domino Effect

Bankruptcy of mirror manufacturer may disrupt government solar projects

Andrew Evans
April 5, 2013 11:59 AM

A mirror manufacturer for solar energy projects that has received financial help from the federal government has gone bankrupt, a development that could affect current solar projects that have also received help from the federal government.

Embattled DOE-Grant Recipient Changes Name from A123 to B456

Washington Free Beacon Staff
March 28, 2013 3:17 PM

After bankruptcy, a buyout by a Chinese firm, and more than a hundred million dollars in taxpayer money, the lithium-ion battery maker A123 Systems, Inc., is getting a new name: B456 Systems, Inc.