Stop funding ‘green’ firms that benefit Chinese investors | The Daily Caller: The Chinese auto conglomerate Wanxiang Group has bought electric automaker Fisker Automotive, marking the second time they snatched up a failed green firm that received taxpayer dollars.
The bankrupt Fisker was sold to Wanxiang last week for $149.2 million and the sale was approved by the bankruptcy court on Tuesday. Last year, the Energy Department’s $192 million loan of Fisker was sold of to Wanxiang for $25 million — netting taxpayers a $139 million loss.
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