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.
In a statement Monday, the Energy Department said it recovered $21 million from the company’s reserve account on April 11 as it continues to seek repayment from the car maker for a 2009 loan commitment awarded by the Energy Department. A payment from Fisker was due Monday, but was not made, a DOE official said.
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