Solyndra Told Congress It Was 'On Track' For Success

Date: 23 September 2011
Source: http://abcnews.go.com

Date: 23 September 2011

Less than three months before declaring bankruptcy, the federally-backed solar power company Solyndra sent a memo to Congress describing the company as "ramping" up its production, "competitive" with foreign rivals, and "on track" to hit its financial targets for the year.

The document obtained by ABC News, entitled "Exceeding Expectations: Solyndra Today," now appears to have grossly distorted the company's actual financial standing at a time when congressional investigators were already asking tough questions about the $535 million in federal backing Solyndra had received.



Read the full story: abcnews.go.com/Blotter/solyndra-told-congress-track-success/story
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