The $193 million loan from the US government to Fisker Automotive is being called into question with the company now experiencing severe financial difficulties. It now begs the question as to whether it was a sensible move to give such a large loan to the company and indeed whether any of the other loans to electric car companies need to be reviewed?
Designing, building, marketing, and setting up ways to service cars is an expensive and risky business. The people making the loans, I hope, were aware of that.
To DC politicians 193 million is chump change! At least it went into something cool, unlike TARP.