WASHINGTON – The parent company of an electric car battery maker that received a $118 million grant from the Obama administration filed for Chapter 11 bankruptcy protection on Thursday.
New York-based Ener1 said it has been affected by competition from China and other countries.
Ener1 subsidiary EnerDel received a $118 million stimulus grant from the Energy Department in 2009, and Vice President Joe Biden visited the company's new battery plant in Indiana last year.
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4 comments:
Obama is on a roll he is making Jimmy Carter look like a GENIUS
Does this really surprise anyone? There's a reason behind the money funneling and they don't want us to know about.
This should surprise no one. This is what happens when unqualified people spend other people's money.
.....and he wants more money to do more of the same. Why anyone approves of the job he is doing is beyond me.This administration is failed, time to move on.
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