Car Company Gets U.S. Loan, Builds Cars Overseas

In billion-dollar gamble on Tesla and Fisker, some worry about second Solyndra.
3:02 | 10/21/11

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Transcript for Car Company Gets U.S. Loan, Builds Cars Overseas
-- have now in the ABC news exclusive Brian Ross has been investigating a car company. That receive big government funding to make very expensive expensive electric cars of the future and put thousands of Americans to work building them but so far. Those cars are being made overseas. Bryan -- investigate what's going on here -- -- new attorney Robin the Obama administration has used taxpayer money. To place what is essentially a billion dollar bet on electric cars. And this morning we have a first look at one of them. A -- -- for all its sleek design and energy efficiency is also raising questions about whether it could end up as another taxpayer boondoggle. It's called the karma the result of a 170 million dollar federal loan to the -- -- cargo. It's the creation of Hendrix -- -- European auto designer. Who took ABC news for a test drive. In one of the first. This half electric Afghans vehicles to come off the line in his very quiet but He hit a little bit the -- priced at 97000 dollars it's all luxury. So quiet. That artificial engine noise is pumped through speakers. So pedestrians can hear it. -- got a federal -- two years ago more than 500 million dollars. But vice president Joseph Biden -- the company would employ auto workers in his home state Delaware. This is seed money -- or return back to the American consumer. In billions and billions and billions of dollars in good new job. And so far the US money has helped to create some 500 auto assembly factory jobs. But they are not in the United States rather here at this plant in Finland. While US taxpayer money is being spent only an American design and parts Fister says He decided. With government approval to assemble his fancy car in Finland because no US facility He says would do it. Even with so many American auto workers laid off. Manufacturing. In Finland that's correct but those -- you think that's a good use of the endless taxpayer money yet. Fister says his plan is to eventually produce a cheaper compact version of the car at the plant in Delaware where He says there will be thousands of jobs. But the company has had delays and won't start production here until at least next year should taxpayers worry about that money 500 million plus that can guarantee -- I don't think you need to worry about it the first -- or karma was delivered to Leonardo DiCaprio. And Fister says as more cars are shipped to the US from Finland Americans will come to appreciate what He has created. The Department of Energy says it knew the cars would be assembled in -- and that's why they couldn't have been made here in the US. -- were -- ultimately if Cisco is successful it will mean thousands of jobs in this country. There are lots of questions about this and we'll have more on investigation conduct of the Center for Public Integrity. Tonight on world news. Because they should sit there are some to question people want some answers -- to find. Think prime.

This transcript has been automatically generated and may not be 100% accurate.

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