Obama Admin. Defends Fisker Cars From Solyndra Comparison

By MATTHEW MOSK

The Obama administration has defended its decision to allow Fisker Automotive to assemble its high concept electric sports sedan, the Karma, in Finland, even though U.S. taxpayers had made a major investment in the car's development -- saying none of the American money was spent on the car's overseas assembly.

But Republican critics this weekend challenged the administration's explanation, saying federal loans should have only supported applicants who would be building their cars on American soil.

"The Department of Energy and Fisker executives are splitting hairs about where the money went," said Rep. Tim Murphy, a Pennsylvania Republican who sits on the House committee that has been investigating the Obama Administration's "green energy" loan program. "Ultimately, American taxpayer dollars went to a Finnish automaker to build high-end luxury automobiles for Hollywood."

For more info, visit ABC News at: http://abcnews.go.com/Blotter/obama-admin-defends-fisker-cars-solyndra-c...