Gallery: US Department of Energy Seizes $21 Million from Fisker Automot...


In this economy, it isn’t just students and homeowners who are having trouble paying back their loans. In a statement on Monday, the US Department of Energy said that it had seized $21 million from Anaheim, California-based electric car maker Fisker Automotive, Inc. on April, 11. The DOE said that it will continue to seek repayment from a loan agreement made back in 2009. A payment was due this week, but was not met. This decision came several weeks after the company laid off three-quarters of its workers and had part of its $529 million loan frozen back in 2011.

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