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 "Tesla Motors":

"… and another California electric car maker backed by political powerhouses, Tesla Motors. Tesla paid off its $465 million U.S. loan nine years early, but Fisker’ …"

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 "Energy":

"… z, the Loan Programs Office’s acting executive director. …"

"… Accountability Office report, rekindle questions over how effectively the Energy Department picks winners and losers for its lucrative green Energy portfol …"

"… yet $4.2 billion remains in that pool of money, the GAO report said. The Energy Department does not expect to issue any more loans under a program once pi …"

"… ilable under the ATVM loan program,” the GAO’s Frank Rusco wrote. The Energy Department told auditors it had seven ATVM applications on file, totaling …"

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 "Tesla Motors":

"… ce President Al Gore and a campaign donor to President Obama. The other is Tesla Motors, whose prime backers include a major fundraiser for Obama and Google co-fo …"

"… muid O’Connell, vice president of corporate and business development for Tesla Motors. “I absolutely believe it was a good bet for American taxpayers.”  …"

"… on Valley company. His Westly Group was also a financial supporter of Tesla Motors until Tesla went public in 2010, and Westly himself continues to invest in …"

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 "Philadelphia":

"… me a $700,000 federal grant, crucial to expanding a RecycleBank program in Philadelphia. In December 2009, the Energy Department awarded stimulus grants of $20.4 …"

"… a. A $700,000 Energy Efficiency and Conservation Block Grant, filtered to Philadelphia in 2009, helped RecycleBank expand its recycling benefits program in the c …"

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 …"