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Report: Fisker Took $193M In US Loans, Laid Off 26 In Del.

Updated: Tuesday, 07 Feb 2012, 6:16 AM EST
Published : Tuesday, 07 Feb 2012, 6:16 AM EST

By NewsCore

Fisker Automotive, an electric sports car maker that received more than one hundred million dollars in federal loans, said on Monday it had laid off more than two dozen people, even as the struggling company attempts to get more US funds, ABC News reported.

Fisker has let go of 26 people at its Delaware plant, according to ABC News.

Roger Ormisher, a company spokesman, said the moves are "temporary," adding that Fisker is "being prudent and sensible as a company."

To date, Fisker has received $193 million in government funds, ABC said, citing a company statement. The company applied for federal money under a federal stimulus program aimed at promoting electric-vehicle technology.

Fisker also said Monday that it had approached the US Department of Energy about revising the targets it was required to meet to be able to request additional federal funding.

Fisker's struggles follow those of Ener1 and Solyndra, other failing alternative energy companies that received federal money.

Last month, Ener1, a lithium battery company that received a $118.5 million stimulus grant from the US Energy Department, filed for bankruptcy, according to court documents. And earlier this year, solar panel maker Solyndra failed, despite receiving more than $500 million in federal stimulus money.

Read more: http://abcnews.go.com/Blotter/fisker-automotive-announced-layoffs/story?id=15524021&page=2#.TzBI0PnNmEo

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