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A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.
While I'm confident algore will have one sitting in his drive way soon, I seriously doubt the average joe in the US will. Oh, yeah, and this is my, your, our tax money going out of the country! I guess this is alright, though, as the US citizen is going to get a return on his money, eh?
While I'm confident algore will have one sitting in his drive way soon, I seriously doubt the average joe in the US will. Oh, yeah, and this is my, your, our tax money going out of the country! I guess this is alright, though, as the US citizen is going to get a return on his money, eh?
From what i hear Tesla can't build them fast enough, they are already a year behind their orders.
Selling $179,000 electric Roadsters that can do 120mph only works in places where people can afford them.
Fisker plans to use $169.3 million of its loan to finish development and production of its $87,900 plug-in hybrid sedan, the Karma. That car will not be built in the U.S. Instead, Fisker is contracting Valmet Automotive Inc., a Finland-based company, to assemble the Karma. Still, the Energy Department estimates that 65% of the vehicle's parts will come from U.S. suppliers.
Fisker will use the majority of the loan funds to develop its next-generation vehicle, called Project Nina: a "family-oriented, user-friendly" plug-in that would be built in the U.S. and cost $47,400.
Yes. Of course. Only a teabagger would be opposed. And we all know what their opinions are worth.
The US is falling behind in battery technology to the Chinese and the Germans. Investment like this is a great idea.
Again, giving a Cheney-backed company billions in order to occupy Iraq was stupid as stupid can get. Moving America up the technology curve is a great use of our money.
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