Energy Department to lose millions on electric car maker loan

10 NEWS.COM ^ | 23 NOVEMBER 2013 | 10 NEWS.COM

[Extremely Extreme Extremist]

WASHINGTON - The Energy Department says it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc.

The government sold the loan for $25 million Friday to Hybrid Technology LLC, a holding company that plans to keep the California carmaker operating.

[Army Air Corps]

Ping

[nascarnation]

The media has so much influence on the outcomes of this stuff.

Enron was a 24/7 firestorm for months.

Solynda was a kerfluffle.

[detective]

“The Energy Department says it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc.”

The Energy Department doesn't lose this money. It does not effect their budget or their spending.

The taxpayers lose this money.

[RetiredTexasVet]

I guess we taxpayers should consider ourselves lucky because we took it in the short for only $139 million.

[Lurker]

The GM bailout cost the taxpayer 10 billion. This is chump change.

[BenLurkin]

Oh thank goodness it’s just the Energy Departments money, and not yours and mine.

/s

[molson209]

It was free money , not a loan

[ptsal]

I’d bet lunch .... that not one dime of donations to the Donkey Party fund has been returned to the honchos and/or shareholders of Fisker....

[Iron Munro]

Have a little empathy.

Obama never had a real job before so he is still on a learning curve.

[FlingWingFlyer]

The “Energy Department” isn’t going to lose jack. That’s taxpayer dollars being thrown into their envirosewer.

[Chode]

do I really have to say it???

[Chode]

wonder how much went to the 0bama and the dnc???

[Revolting cat!]

Do I really have to watch the film again to find out what it is that Claude Rains actually says to Bogie in that scene?

[GeronL]

and $10 BILLION or so on GM

[Chode]

in that particular scene, iirc he's talking about the letters of transit and/or asking Bogey not to interfere with the girl he has set up to be his next conquest...

[VanShuyten]

Gov-elect Terry McAwful is also in charge of a “green car” company that will soon do a Fiskar.

[Noob1999]

...............“The Energy Department says it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc.”.............

We can only hope that algore didn’t get the message, “psst, we’re going down in a few months, get your millions out - now”!

[ExCTCitizen]

You are correct. Taxpayers lost.