Fisker green-car government loan heads to auction block

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http://www.reuters.com/article/2013/10/10/us-autos-fisker-auction-idUSBRE9991B020131010

The Department of Energy — which loaned now-faltered electric car maker Fisker $192 million to build cars and a factory — will start looking at bids on Friday to sell off the remainder of its loan to Fisker. Reuters reports that bidders have to offer at least $30 million, with 10 percent down, to be in the auction. At one point Fisker was valued at over $2 billion.

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