Energy Department Seizes Millions of Dollars From Fisker Automotive Inc.
Struggling car maker had received $192 million in federal loans
WASHINGTON — The Obama administration says it has seized $21 million from troubled automaker Fisker Automotive Inc., just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems.
Fisker had received $192 million in federal loans before a series of problems led U.S. officials to freeze the loan in 2011.
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