Will the Chinese Scoop Up Another Taxpayer-Funded Green Company?

Fisker Automotive was one of several companies that got big loans from the U.S. Department of Energy's stimulus program. But now, it's near bankruptcy -- and one of the potential buyers is the same Chinese company that also bought A123 Systems, the failed company that made Fisker's hybrid-car batteries.

In this video, Fool contributor John Rosevear looks at the buyout rumors swirling around Fisker -- and at the potential consequences of having a Chinese company end up with two of America's taxpayer-funded green-tech companies.

The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.


Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 25, 2013, at 2:40 PM, kthor wrote:

    our politicians are under Chinese protection ... in return they are giving away America pieces and bits at a time ...

  • Report this Comment On May 25, 2013, at 8:58 PM, mottledtool wrote:

    Fisker is irrelevant. Their product was overweight, overpriced and ill conceived. A123 Systems was a tragic, inexcusable loss. They were tactically essential and about all that the US had in it's incredibly puny non petrol arsenal. Batteries, or alternatives to batteries, are the key to most core industries for the foreseeable future. America can not build an economy based on investing in Chinese owned companies.

Add your comment.

DocumentId: 2453190, ~/Articles/ArticleHandler.aspx, 8/1/2014 12:38:31 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement