Energy Department 'bet' on Fisker Automotive ends in bankruptcy

By Ronnie Greene

An Energy Department program meant to spur development of electric cars faces another setback with Fisker Chapter 11 filing.

Excerpts from this story referencing "Government Accountability Office":

"… has not yet reached the goals set by Congress, and came under criticism in Government Accountability Office reports in 2011 and 2013. This year’s GAO report found that the ATVM pr …"

Two DOE electric car loans, two different paths

By Ronnie Greene

As Fisker Automotive struggles to stay afloat, Tesla Motors pays off its Energy Department loan.

Excerpts from this story referencing "Tesla Motors":

"… rgy cars from drawing boards to showrooms. But this week, the fortunes of Tesla Motors and Fisker Automotive took sharply divergent turns. On Wednesday, the Ene …"

Energy Department auto loan program sputters

By Ronnie Greene

A $25 billion Department of Energy loan program has not closed a loan in two years amid the specter of Solyndra.

Excerpts from this story referencing "Advanced Technology Vehicles Manufacturing":

"… he audit focuses on DOE loan programs, including one known as ATVM — the Advanced Technology Vehicles Manufacturing program. That program was pitched as part of a broader government campaig …"

Energy's risky $1 billion bet on two politically-connected electric car builders

By Ronnie Greene, Matthew Mosk and Brian Ross

Two politically connected firms get $1 billion in federal loans to build electric cars

Excerpts from this story referencing "iWatch News":

"… ma and Google co-founders Larry Page and Sergey Brin. An investigation by iWatch News and ABC News found that the DOE’s bet carries risks for taxpayers, trigg …"

"… department to restructure their lending agreements. Energy officials told iWatch News and ABC News they are closely monitoring the progress of the companies, an …"

"… that played a role or not is up to the DOE to explain.” For months, as iWatch News and ABC News have explored how politically connected companies secured DOE …"

Taxpayer billions could fall short in creating new jobs, more efficient cars

By Ronnie Greene and Matthew Mosk

Amid questions about whether the Obama administration played favorites with energy loans to green companies, a new audit uncovers lack of ov

Excerpts from this story referencing "Tesla Motors":

"… r Co. and Nissan North America, as well as cutting-edge electric carmakers Tesla Motors and Fisker Automotive, expand their fleets of fuel efficient autos.By help …"

Green bundler with the golden touch

By Ronnie Greene and Matthew Mosk

Investor Steve Westly straddles the worlds of venture capital, presidential fundraising and government advising

Excerpts from this story referencing "White House":

"… tech CEOs, including the leaders of Facebook, Google and Apple. He visits White House staff and, as a member of a government advisory board on energy policy, ha …"

"… to national energy priorities that affect his business interests. On the White House’s recommendation, Chu appointed him to his 12-member Advisory Board, a g …"

"… which landed a $25 million Energy Department stimulus grant in 2009. The White House and Energy Department deny that political supporters of the president have …"

"… s are competitively awarded on the basis of merit,” said Reid Cherlin, a White House spokesman. The Energy Department said it sees no conflict in his dual rol …"

Republicans call for probe of Obama’s green car program

By Matthew Mosk, Brian Ross and Ronnie Greene

Representative calls for further investigation into Energy Dept. loans to electric car companies

Excerpts from this story referencing "Department of Energy":

"… jobs at a shuttered GM plant in Delaware. “Not a single dollar of the [Department of Energy] DoE loans has been, or will be, spent outside of America," a statement fr …"