This got lost on the Friday of Thanksgiving week, but it should have gotten more attention. Arnold Kling notices the report in the Detroit News:
Fisker Automotive Inc. filed for Chapter 11 bankruptcy on Friday and the Energy Department sold its green-energy loan for $25 million to investor group Hybrid Tech LLC. Taxpayers will lose $139 million on the $192 million loan to the failed electric vehicle startup, the Energy Department confirmed.
Fisker's lobbying efforts were covered earlier here. Early Fisker investors reportedly included Al Gore, the Silicon Valley venture capitalists Kleiner Perkins Caulfield & Byers, and the government of Qatar.