Solyndra News

"I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the program, and particularly the American taxpayer from whom these funds originate," Tesla Chief Executive Elon Musk said in a statement.

The U.S Energy Department loan program has provided a boost in innovation to promote the development of cleaner cars.

Cherry-picks the very best investment opportunities from all 11 research services - in energy, commodities, currencies, biotech, and more.

On Monday, NPR Morning Edition anchor Steve Inskeep expressed -- in the face of all the evidence of Fast and Furious, Solyndra, MF Global, and so on -- that the first term of Obama's presidency was "remarkably scandal-free." When I challenged him on the factual inaccuracy of this, he tweeted in reply , "Hm, did I say it was scandal-free or that it ... (more)

A report at the link below says: without much fanfare, the Department of Energy recently updated the list of loan guarantee projects on its website.

Vehicle Production Group LLC, a startup automaker that received $50 million in U.S. taxpayer financing, ceased operations and fired almost all of its employees.

Despite the Obama administration's generous support for green energy, job creation in the sector has both lagged and come at a hefty cost to taxpayers, according to a new report.

A Michigan maker of vans for the disabled that received $50 million in Energy Department loans has quietly ceased operations and laid off its staff.

CODA Automotive filed for bankruptcy this week, reigniting a controversy over whether the City of Los Angeles should have pledged $1 million to lure the electric car-maker from Santa Monica.

The city of Fremont held a legislative event Thursday at Tesla's local factory focusing on the city's long-term development goals.

Meet the Solyndra of the electric car industry: Fisker Automotive. In 2009, the company was awarded a $529 million loan through the Advanced Technology Vehicles Manufacturing program.

The U.S. Department of Energy is being criticized for lending large sums of money to companies that went on to fail, like Solyndra, or appear to be on the cusp of failure, like Fisker Automotive .

Here's the details of the class action lawsuit filed against Coda Automotive that I referenced yesterday: it's a complaint that Coda Automotive allegedly violated the WARN Act, that requires large employers to give employees 60 days written notice of mass layoffs.

The luxury hybrid maker Fisker Automotive is in dire financial straits after receiving $192 million in government-backed loans and receiving market assistance from tax credits, and if the company goes bankrupt it could become the largest loss to taxpayers since the failure of Solyndra in 2011.

House Republicans are questioning the Energy Department's jobs estimates from green energy companies that participated in the ambitious loan guarantee program and seeking information on the number of actual jobs created.

A group of House Republicans is pressing the Department of Energy for details on a loan program that has come under fire for its assistance to a number of failed green companies.

Electric hybrid car maker Fisker Automotive Inc. is now on the verge of bankruptcy and owes the U.S. government more than $180 million - which would be the biggest loss of federal loan money since the Solyndra fiasco.

The Obama administration has flushed almost $200 million of the American taxpayer's money down the drain on another green company failure but ABC and NBC have yet to report on it.

You have read my arguments about why the Department of Energy's 1705 loan-guarantee program should be abolished - the government shouldn't be in the business of lending money to private companies or providing particular incentives for banks to do so; the resources sometimes go to companies that wouldn't get credit otherwise, and that's how we get ... (more)

I had a rousing debate on Kudlow tonight about the Fisker story that's got a lot of folks like Larry K crying "Solyndra squared!" Not so fast, dude.