Solyndra Fallout Stalls Energy Loans
4/4/12
 
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from The Wall Street Journal

Fisker may give up on hybrid car

The Energy Department was in such a rush three years ago to issue a loan to solar-panel maker Solyndra LLC that it gave the Treasury Department only a day to review the deal, according to a government report released Wednesday.

Today, the situation is the opposite, industry officials say: The department is putting loans through such exacting reviews that some renewable-energy funds look as if they never will be disbursed.

The issue came into focus Tuesday when the new chief executive of Fisker Automotive Inc. said the company would consider giving up on a hybrid-electric car factory in Delaware and …