Energy Department Seizes Millions of Dollars From Fisker Automotive Inc.
- OurStudio
- Apr 23, 2013
- 1 min read
WASHINGTON — The Obama administration says it has seized $21 million from troubled automaker Fisker Automotive Inc., just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems.
Fisker had received $192 million in federal loans before a series of problems led U.S. officials to freeze the loan in 2011.
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