Uh-Oh! Another Electric Auto Company . . .

. . . with BIG Government Loans is not doing well.

Dateline February 7th 2012
"Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy."
Ref: Reuters

Dateline March 8th 2012
Consumer Reports's Fisker Karma plug-in hybrid breaks down before testing starts.
"We buy about 80 cars a year and this is the first time in memory that we have had a car that is undriveable before it has finished our check-in process."
Ref: Consumer Reports

Hmm, . . . maybe picking winners with taxpayer funds isn't the forte of the Government.

I smell something.

It's the aroma of news.

Or the aroma of corrupt Chicago politicians.....

Fixed.

Now now kids,tread lightly...

J

It's good to know that DonDiego opposes the government loans that certain non-Chicago politicians are promoting so that Westinghouse will build some nuclear power plants. I agree!

Fixed.

What are the current Vegas odds on that loan and interest getting paid in full and on time???