Fisker Heading Towards Bankruptcy?

Another beneficiary of millions in taxpayer subsidies appears headed for bankruptcy.  Fisker, the electric car company, has fired three quarters of its staff according to Wilmington’s News-Journal.

In 2009 Fisker received a $529 million Federal loan and $21 million in other incentives from the state of Delaware.  President Barack Obama and Vice President Joe Biden heralded Fisker as a big part of the administration’s “Green Energy” initiative.

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