Department of Energy Reclaims $21M from Fisker

Department of Energy Reclaims $21M from Fisker

The U.S. Department of Energy recovered $21 million from Fisker Automotive, the floundering company behind the Karma plug-in hybrid luxury car.

That’s still a far cry from the roughly $192 million in DOE loans it still owes the government.

“Given the obvious difficulties the company is facing, we are taking strong and appropriate action on behalf of taxpayers,” Fisker said in a statement.

Originally, Fisker was granted $529 million in loans, but the government cut that short when the maker’s sales and production faltered.

Automotive News reports that there is a hearing scheduled for Wednesday with a U.S. House panel to examine the maker and its government funding.

[Source: Automotive News]

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