Fisker electric car, $100,000 retail before the Obummer rich folk’s subsidy, dies on the test track before Consumer Reports can put it through its paces. Obummer insist’s he’s undaunted; “we’ll just double down on those subsidies,” he vowed. “Michelle really wants of these for the Vineyard this summer and by God, she’ll have one. If it takes five guys to push it around well hell, that’s not a bug, it’s a feature – it’ll be five more “green jobs” I’ve created.”
You remember the Fisker, right? The car that Obummer spent your money on to help out Al Gore and the country of Finland, where the car is built?
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.
Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company’s manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland.
The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected California-based electric carmakers producing sporty — and pricey — cutting-edge autos. Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware.
Don’t hold your breath.