Skip to comments.Fisker Karma: Solyndra on Wheels? (Add this to the union give-aways)
Posted on 10/20/2011 4:25:40 PM PDT by OldCountryBoy
Our tax dollars at work
a half-billion dollar loan (actually $529 million) from the U.S. Department of Energy to develop a hybrid toy for the wealthy and/or celebri-licious (like Leonardo DiCaprio, one of the first customers) that, in real world driving, wont get much better mileage than your average crossover utility vehicle. Not only that, but the cars are manufactured in Finland thats right, Finland and shipped here for sale, where their purchasers will then receive a $7,500 tax credit for buying one (the cheap base model starts at $96,895, with the full-zoot Eco Chic model going for a bargain $108,900)... ...I recalled reading that the Federal government had become a major financial partner in Fisker Automotive. That would explain the official rollout taking place in Washington. When I got back to my computer, I looked up the specifics. We the taxpayers are on the hook for more than half a billion dollars, about the same amount that got loaned to Solyndra, another green manufacturer, before they went bankrupt...
As the article says, it’s the perfect “feel good” ride for wealthy liberals.
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