Will the Chinese Scoop Up Another Taxpayer-Funded Green Company?
May 25th 2013 2:03PM
Updated May 26th 2013 9:00AM
Fisker Automotive was one of several companies that got big loans from the U.S. Department of Energy's stimulus program. But now, it's near bankruptcy -- and one of the potential buyers is the same Chinese company that also bought A123 Systems, the failed company that made Fisker's hybrid-car batteries.
In this video, Fool contributor John Rosevear looks at the buyout rumors swirling around Fisker -- and at the potential consequences of having a Chinese company end up with two of America's taxpayer-funded green-tech companies.
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The article Will the Chinese Scoop Up Another Taxpayer-Funded Green Company? originally appeared on Fool.com.Fool contributor John Rosevear owns shares of General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends General Motors and Tesla Motors and owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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