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Fisker looked like a risky bet from the beginning

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Struggling electric car maker Fisker Automotive was a bad bet before the Department of Energy ever awarded it a $529 million green car loan, House Republicans said today at a hearing before the House Subcommittee on Economic Growth, Job Creation, and Regulatory Affairs. The company is on the verge of bankruptcy after halting production of its Karma hybrid and laying off most of its employees....

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