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Car Company Gets US Loan, Builds Cars In Finland --$529,000,000
Abcnews ^ | 10.20.11

Posted on 10/20/2011 8:47:31 PM PDT by InvisibleChurch

ABC NEWS and iWATCH NEWS Today, 9:47 PM EDT 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 has been outsourced to Finland.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: News/Current Events
KEYWORDS: algore; cultureofcorruption; electriccars; finland; fisker; green; greenjobs; karma; obama; obamanomics; outsourcing; stimulus
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.
1 posted on 10/20/2011 8:47:32 PM PDT by InvisibleChurch
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To: InvisibleChurch
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee...


2 posted on 10/20/2011 8:51:51 PM PDT by death2tyrants
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To: InvisibleChurch

OBUMMER will have to see this as a TV ad run in major Union cities during the election. Again it shows that he does not care about Jobs in America unless its working for the US Government.


3 posted on 10/20/2011 8:57:46 PM PDT by ncfool (The new USSA - United Socialist States of AmeriKa. Welcome to Obummers world or Obamaville USSA.I)
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To: InvisibleChurch

OBUMMER will have to see this as a TV ad run in major Union cities during the election. Again it shows that he does not care about Jobs in America unless its working for the US Government.


4 posted on 10/20/2011 8:57:56 PM PDT by ncfool (The new USSA - United Socialist States of AmeriKa. Welcome to Obummers world or Obamaville USSA.I)
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To: InvisibleChurch

OBUMMER will have to see this as a TV ad run in major Union cities during the election. Again it shows that he does not care about Jobs in America unless its working for the US Government.


5 posted on 10/20/2011 8:57:58 PM PDT by ncfool (The new USSA - United Socialist States of AmeriKa. Welcome to Obummers world or Obamaville USSA.I)
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To: InvisibleChurch

reminds me of Tesla Motors getting almost as many millions as they’ve built cars.... ugh


6 posted on 10/20/2011 9:04:47 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: InvisibleChurch
Going belly up in 3-2-1...

Just the fact that Al Gore is in on this smells to the hilt. He just takes his cut and sticks it in a Swiss bank account. Crooks and thieves. They have a gigantic scam going. They should all be in jail over this.

7 posted on 10/20/2011 9:26:08 PM PDT by BigFinn (BigHat wisdom: Always drink upstream from the herd.)
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To: InvisibleChurch

If I recall my earlier reading correctly, the first model put out under this taxpayer funded idiocy only achieves 52 miles per gallon.


8 posted on 10/20/2011 9:59:20 PM PDT by RobertClark (It's better to look goofy with a rifle, than civilized with an exit wound.)
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To: ncfool
OBUMMER will have to see this as a TV ad run in major Union cities during the election

Paging the RNC for ad opportunities!

9 posted on 10/20/2011 10:06:24 PM PDT by newzjunkey (Republicans will find a way to reelected Obama.)
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To: InvisibleChurch

The Fisker is a luxury electric car. Following the socialist plan, 0bama should be pushing a People’s Car.


10 posted on 10/20/2011 10:41:46 PM PDT by smokingfrog ( sleep with one eye open ( <o> ---)
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To: Nachum

ping


11 posted on 10/20/2011 11:22:10 PM PDT by Loud Mime (The Obama voters are dumber than you think, meaner than you can imagine)
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To: RobertClark

Drudge has an article from Forbes that this car is not as good on gas as a Ford SUV. Obama’s boys are playing with the numbers. The Forbes people used a formula developed by the Clinton people - no credibility doubt here - that show the actual usage a 18 or 19 MPG if i remember correctly.


12 posted on 10/20/2011 11:34:40 PM PDT by Dapper 26
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To: Dapper 26

The car is a dog. Venture capitalist Zer0 strikes out!


13 posted on 10/21/2011 12:25:01 AM PDT by ChiMark (chewed up his body for a decade)
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To: InvisibleChurch

Insanity!

We must clean out the DOE and other agencies of these Obamobots immediately!


14 posted on 10/21/2011 2:04:34 AM PDT by Evergolightly (One's conclusions are founded in the path travelled.)
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To: Evergolightly

>>We must clean out the DOE and other agencies of these Obamobots immediately!<<

No, we must ELIMINATE the DoE - the department of No! No coal, no oil, no solar, no natural gas, no wind, no nuclear,.......


15 posted on 10/21/2011 3:43:28 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
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To: InvisibleChurch
The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected...

Neo-fascism pays well for the neo-totalitarians.

DEFUND fascist collectives, foreign and domestic. $top $pending our money. Jail is too good for these criminals.

Crony SOCIALISM BUMP!

16 posted on 10/21/2011 4:34:45 AM PDT by PGalt
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To: InvisibleChurch

“.....is assembling its first line of cars in Finland”

IOW..trying to spend the taxpayers money as far out of sight from the nearest US Attorney.....gimme a break...and some tar and feathers!!!!


17 posted on 10/21/2011 4:41:46 AM PDT by mo
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To: InvisibleChurch

The link doesn’t seem to work any longer. Perhaps this one will work better for latecomers to the thread:

http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875


18 posted on 10/21/2011 8:09:03 AM PDT by Rocky (REPEAL IT!)
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To: Rocky

thanks


19 posted on 10/21/2011 8:11:27 AM PDT by InvisibleChurch (welcome dies irae)
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