US DOE Seizes $21M from Fisker Automotive

The U.S. Department of Energy has seized $21 million from Struggling start-up automaker Fisker Automotive Inc. just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems. In a statement Monday, the Energy Department said it recovered $21 million from the company’s ‘reserve account’ on April 11 that wasn’t […]