The parent company of an electric car battery maker that received more than $100 million in government funding from the Obama administration has filed for bankruptcy protection, the company announced Thursday.More fleecing of the American taxpayer at a time when our economy is in dire straits.
[...]
EnerDel, a subsidiary of Ener1 dedicated to making batteries for electric cars, was awarded a $118 million grant from the Energy Department in 2009 as part of President Obama's economic stimulus package and green energy push...
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Friday, January 27, 2012
ANOTHER OBAMA-BACKED GREEN COMPANY GOES BELLY UP
From ABC News:
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