Friday, October 21, 2011

Outrage: Obama administration gives half a billion dollars to Fisker Automotive so they can start making electric cars in Finland

Fisker Karma- rear 

You just can't make stuff this stupid up. Speaking of stupid, Al Gore is involved.
(ABC News) — 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 job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.
“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”
Henrik Fisker said the U.S. money so far has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.
“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to 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. And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.
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3 comments:

Anonymous said...

Do your homework! The DOE money is to only be used for theN series car to be made in Delaware. That was in the USA last time I looked. People are already being employed in Delaware as Fisker employees.

If you don't like the car that is your choice, but don't spread half truths or demonize a company you know little about!

Bluegrass Pundit said...

Anonymous said...

"Do your homework! The DOE money is to only be used for theN series car to be made in Delaware. That was in the USA last time I looked. People are already being employed in Delaware as Fisker employees."

Fisker is behind schedule in Delaware and has only hired about 100 employees as far as I know. They were originally supposed to build the car moved to Finland in the US. The electric-hybrid market is already saturated with the Volt which isn't selling. Fisker is the next Solyndra.

Anonymous said...

This money should never, never have been spent. Half a Billion Dollars buys a lot of...jobs manufacturing anything. HERE!
Nothing to do with the car, all to do with where the money goes. And the negative business environment that regulations create here, which is why they ended up in Finland. This is insane.