Fisker Automotive Federal Loan Focal Point in Presidential Campaign

DOE

The Hill - July 19, 2012

Ever since the ‚ÄúSolyn¬≠dra scan¬≠dal‚ÄĚ in Sep¬≠tem¬≠ber 2011, where a solar pan¬≠el mak¬≠er was tak¬≠en to task for clos¬≠ing down and declar¬≠ing bank¬≠rupt¬≠cy after receiv¬≠ing Dept. of Ener¬≠gy loans, and now dur¬≠ing an elec¬≠tion year, there‚Äôs more scruti¬≠ny on com¬≠pa¬≠nies that have tak¬≠en fed¬≠er¬≠al loans. Fisker Auto¬≠mo¬≠tive is one of these com¬≠pa¬≠nies, as the plug-in hybrid sports car¬≠mak¬≠er has been through strug¬≠gles and had been approved for up to $529 mil¬≠lion in fed¬≠er¬≠al loans. It‚Äôs becom¬≠ing a pres¬≠sure point in the pres¬≠i¬≠den¬≠tial elec¬≠tion.

Repub¬≠li¬≠can Nation¬≠al Chair¬≠man Reince Priebus took the White House to task last week for the loan, say¬≠ing Fisker has yet to deliv¬≠er on a promised man¬≠u¬≠fac¬≠tur¬≠ing project in Delaware. ‚ÄúTheir fac¬≠to¬≠ry in Delaware, which would have cre¬≠at¬≠ed jobs for peo¬≠ple both in Delaware and here in south¬≠east¬≠ern Penn¬≠syl¬≠va¬≠nia, was sup¬≠posed to be open today, but instead it‚Äôs closed,‚ÄĚ Priebus said.

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