The US government is under severe pressure today with the discovery of documents which seem to suggest that the authorities were aware of potential financial problems with electric car manufacturer Fisker as far back as 2010. While the $529 million government loan was frozen in June 2011, 12 months after initial financial problems seemed to emerge, a total of $192 million had already been drawn down from the arrangement.
Was the US government slow to react to signs of potential problems at Fisker?
[QUOTE=Editor;15178]Was the US government slow to react to signs of potential problems at Fisker?[/QUOTE]
The US Government reacts slow to everything!
Perhaps the biggest concern is that the US government will “throw the baby out with the bathwater” and reduce funding for other electric car companies which are financially stable with good prospects.
I doubt Fisker’s downfall will stop federal money going into green companies, but you never know.
It shouldnt Adam but the first impression that it might cost the government votes in the future and they will slam the doors down. Politics is a very controversial arena!