The Energy Department said it has completed an auction for its outstanding $168 million loan in shuttered electric vehicle start-up Fisker Automotive Inc.
, but has not yet determined a winner.
The auction last Friday included opening bids from an undisclosed number of qualified bidders, who were also allowed to make counteroffers, the government said.
The government has been evaluating various bids to determine which is in the best interest of taxpayers. Once a winning bidder is named, final negotiations on the sale will take place.