U.S. loans kept flowing to troubled carmaker Fisker: document

Published April 24, 2013

| Reuters

The Department of Energy continued to provide funds to Fisker Automotive even after the company failed to meet key production benchmarks in early 2011, according to a document released at a congressional hearing on Wednesday.

The document from the energy agency showed Fisker was given $32 million even after the "green" carmaker failed to launch its Karma electric vehicle in February 2011 as planned.

The document was provided to reporters during a House Oversight Committee hearing on the government's loans to the troubled carmaker.

(Reporting by Ayesha Rascoe and Deepa Seetharaman; Writing by Ros Krasny; Editing by Ros Krasny)

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