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  • Energy Department Defends Loan to Company Building Electric Cars in Finland

    10/21/2011 10:23:35 AM PDT · by NoLibZone · 26 replies
    foxnews.com/ ^ | Oct 21,2011 | FNS
    The Department of Energy is standing by a $529 million loan guarantee to a company building an electric car line in Finland. A department official, in a lengthy response posted on a government blog Thursday night, confirmed that the company Fisker is assembling its Karma electric car at its "overseas facility." The response comes after ABC News reported that the Obama administration gave the green light for the company to move the manufacturing to Finland two years after announcing the loan. The ABC News report noted the political connections enjoyed by Fisker and another company, Tesla Motors, which together received...