Skip to comments.Car Company Gets U. S. Loan, Builds Cars In Finland
Posted on 10/20/2011 6:17:38 PM PDT by kcvl
Wirh approval from the Obama adminstration
(Excerpt) Read more at abcnews.go.com ...
Update: Fisker Karma Electric Car Gets Worse Mileage Than an SUV
...these are GREEN JOBS.
How Fisker got $500 million in government loans for a fuel economy flop
When Fisker Automotive won heaps of praise from Vice President Joe Biden and a $529 million loan from the U.S. government, officials touted the Karma luxury sedan as getting up to 100 miles a gallon, going 50 miles on a full battery charge and offering “supercar” performance. None of those targets were met but Fisker’s moving ahead, your tax dollars in hand.
The news of Fisker’s shortfalls in its mileage targets announced yesterday was the latest in a series of misses since designer Henrik Fisker unveiled his concept in 2008. Fisker is still sticking to the goal of selling 10,000 Karmas this year, even though it can’t legally deliver cars in California yet. And company officials pushed another deadline back Tuesday, telling the Wilmington (Del.) News-Journal that the smaller Nina sedan has been delayed from 2012 to mid-2013 at the earliest.
While the actual electric range and fuel economy numbers of the Karma 32 miles of electric-only range, a 52 mpg-e overall rating and only 20 mpg when its 2-liter GM turbo engine is on surprised many, they weren’t shocking to auto industry observers who’ve noted the Karma was not just an expensive electric sedan, but also the largest and heaviest one to date. Early prototypes were hidden with bodies of Chevy Silverado crew cab pickups, and the Karma tips the scale at roughly 5,300 lbs. unloaded, thanks to 22 kWh of batteries stored under the floor.
The figures along with performance results that now peg the Karma’s 0-60 time at an un-supercar 6.3 seconds were enough to convince one long-awaiting Fisker customer to consider asking for his deposit back on the $97,000 sedan:
This all needs to be shut down now.
I can’t believe we haven’t heard “moratorium” on Capitol Hill yet.
These people get caught with their fingers in the guacamole over and over again and the “loans,” which uniformly put taxpayers at great risk, just keep flowing. Right in the open, too!
How’s that cleaning of the swamp coming along.......? =.=
...The secret to access to the DOE money is The Westly Group, run by California Democratic Party stalwart and big Obama campaign bundler Steve Westly. The former eBay executive wasnt merely a prodigious fundraiser for Obama, raising $500,000 for his presidential campaign. He also served as the presidents California campaign co-chairman.
...Westly sits on a board that advises Energy Secretary Steven Chu
also from ABC (2008)
Obama Helped Supporters Get Millions in Illinois State Business
Ping to post #23.
It looks more and more like this president has taken ‘free reign’ of our tax dollars - with no outrage from our elected officials.
Every single day for the past three years, I have been shocked at the disgraceful moves by this president - and even more shocked that our Congress (and yes, Senate) are not screaming their heads off!
that kills the green jobs theory...
They finally realized they can publicly blatantly get away with it and they are.Who is going to stop them?
Senate Axes House Bid to Trim $25 Billion Green Car Loans
We are a very stupid nation. Sadly, I fear that America’s greatest days are in the rearview mirror as we have a dwindling supply of people who get it and are willing to do something about it. Our “leaders” subsidized their rich friends, who outsourced the jobs to Finland with American taxpayer dollars. And all so that Leo DiCaprio and other elites can buy a fancy car. Wow. Leaders like this would be strung up by their toes in days gone by.
May his kidneys fail tonight.
Congressional investigators try to deposition Solyndra loan memo author; DOE refuses
It greases the hand of an Obama operative...
Congressional investigators want to obtain transcribed interviews with Department of Energy officials involved with the Solyndra scandal, including the author of the legal memo justifying the restructuring of the solar companys loan, but the DOE has refused to submit, saying House Republicans dont have that authority.
On Oct. 18, the DOE informed the House Energy and Commerce Committee, which is leading the investigation into the Solyndra scandal, that it would not allow the committee to perform depositions of DOE officials, including Susan Richardson, chief counsel of the DOE Loan Programs Office.