Fisker Is Not Solyndra... Just Yet.
NEW YORK -- When Fisker Automotive announced it was laying off about two dozen workers at its Delaware factory, comparisons arose to Solyndra, the solar cell manufacturer that went bankrupt despite billions of dollars in U.S. government help.
Yes, the California based electric car maker and Solyndra both got a lot of government assistance, but analysts say those comparisons are unfair and premature.
The DOE had agreed to lend Fisker $529 million, and the carmaker had gotten $193 million of that before funding was cut off in May.
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