Fisker Automotive Inc.

Henrik Fisker, former executive chairman and founder of Fisker Automotive testifies before the Economic Growth, Job Creation, and Regulatory Affairs Subcommittee during a hearing on Capitol Hill April 24, 2013 in Washington, DC. The committee heard testimony on Fisker's collapse after receiving a $529 million federal loan in 2009. (Photo by Win McNamee/Getty Images)

Energy Department To Sell Fisker Loan

The Energy Department says it is selling a $192 million loan made to struggling electric car maker Fisker Automotive Inc.


Vice President Joe Biden (Photo by Jeff Fusco/Getty Images)

Obama Administration Had Advance Warning On Electric Car Failure

Newly released documents show that the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion dollar government loan, nearly a year before U.S. officials froze the loan after questions were raised about the company’s statements.