Energy Dept. seizes $21M from electric car maker




Technology Top Stories from Associated Press (AP) show

Summary: WASHINGTON (AP) , The Obama administration has seized $21 million from troubled automaker Fisker Automotive Inc. just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems. Fisker had received $192 million in federal loans before a series of problems led U.S. officials to freeze the loan in 2011.