Several news organizations are reporting that the U.S. government-backed electric vehicle company Fisker Karma is seeking counsel from a law firm that specializes in bankruptcy proceedings. Recipients of a $529 million loan from the Department of Energy, the company produces luxury electric vehicles popular with celebrities such as Leonardo Di Caprio and Justin Bieber. But ABC News , which is drawing comparisons between Fisker and solar manufacturer Solyndra that famously filed for bankruptcy in 2011, claims that while the firm has paid off its loan interest payments, it will struggle to meet a major principle payment due at the end of April.
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Post tags: bankruptcy, Department of Energy, electric vehicles, fisker, fisker karma, green cars, green transportation, justin bieber, News, obama administration, solar, solyndra
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