Tag Archives: Wanxiang

Taxpayer-funded Bankrupt Fisker Sold to Chinese Wanxiang

Posted on 18 February 2014 by Ken Zino

This completely sorry story started in 2010 when DOE awarded Fisker $529 million in loans as part of an effort to help development of so-called advanced-technology vehicles. Part of the loan was for redeveloping a closed General Motors plant in Wilmington, Delaware to build a small electric car, code named Nina, that has yet to appear. Continue reading →

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