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Fisker Automotive May Win Second Chance
The Wall Street Journal (online registration required): The U.S. government is auctioning off a failed $168 million loan to plug-in hybrid car maker Fisker Automotive Inc., potentially paving the way for the former maker of a $109,000 and up battery-powered sedan to be revived under a new owner.
The Department of Energy said on Tuesday that it plans to conduct an auction on Oct. 11 of its defaulted Fisker loan, which has a $168 million unpaid balance. Deadline for submitting initial bids is Oct. 7.
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