Fisker Automotive

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Van Maker That Got Energy Loan Shuts Down

VPG of Michigan received $50M from feds

(Newser) - Critics of the Obama administration's efforts to boost green energy with the help of government loans have some more ammunition: A Michigan company that made vans for disabled drivers is going under after receiving $50 million from the Energy Department, reports USA Today . The start-up Vehicle Production Group got... More »

Fisker: Doomed to Be the Next DeLorean?

Obama may have seen it coming

(Newser) - Fisker: It's the sexy electric sedan that Justin Bieber was busted speeding in and which scored a $529 million loan from the Obama administration. Now it's hurtling toward bankruptcy. So what went wrong? asks the Wall Street Journal . Faulty software, suppliers going bust, delayed releases, and car recalls... More »

Car Maker Gets $529M US Loan, Builds Car in Finland

Claims money was all spent on US design work

(Newser) - Another Energy Department loan guarantee is coming under scrutiny. ABC News has discovered that the Obama administration doled out a $529 million guarantee to Fisker Automotive to build its new state-of-the-art luxury hybrid, only to see Fisker build the car in a factory in Finland. Fisker says there were simply... More »

Electric Car Maker Sues Rival for Stealing Trade Secrets

Designer Fisker employed by Tesla, then started own company

(Newser) - The maker of an electric sports car is suing a rival company, alleging stolen trade secrets, the New York Times reports. Tesla Motors hired Henrik Fisker to design a new sedan; after a subpar effort, Tesla says, he founded his own company and built a better vehicle with Tesla tricks.... More »

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