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The Associated Press is making an unsupported claim that the Obama administration knew electric automaker Fisker was missing milestones required for its loan guarantee well before it froze the loan in mid-2011 by taking newly obtained documents out of context.
The AP article, published the day of a House hearing on the loan guarantee granted to the troubled company, appears to be based on what a Department of Energy official characterized in an email to Media Matters as "selectively released" documents from Republican politicians leading that hearing.
The article's lede claims that the documents "show that the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion dollar government loan, nearly a year before U.S. officials froze the loan." However, neither of the documents it cites substantiates that claim.
The first document was an internal email speculating that Fisker could miss a milestone that it met five days later, as AP noted six paragraphs in:
Aoife McCarthy, a spokeswoman for the Energy Department, said the June 2010 email was taken out of context.
"The document shows that one person at a meeting discussed the possibility that Fisker might not meet a financial commitment" required by the Energy Department, McCarthy said in an email late Tuesday. DOE received the needed certification five days later and subsequently made the loan payment, she said.
The second document is from April 2010 -- before the loan agreement had even been officially closed -- and thus before milestones had kicked in, as a DOE official explained in an email to Media Matters (emphasis added):