floridabulldog.org
Electric cars and the Department of Energy: Two giant loans, two different paths - Florida Bulldog
By Ronnie Greene Center for Public Integrity They are two cutting-edge electric car makers, headquartered in California and backed by powerhouses of politics and money. In 2009, each secured half-billion dollar loan commitments from President Obama’s Department of Energy to help transform their clean-energy cars from drawing boards to showrooms. But this week, the fortunes of Tesla Motors and Fisker Automotive took sharply divergent turns.
Dan Christensen