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Signs of Solyndra? Fisker Lays Off 75 Percent of Employees
Yahoo! News ^ | 4/5/13 | Matthew Mosk - abc news

Posted on 04/05/2013 3:12:20 PM PDT by NormsRevenge

The government-backed electric car company Fisker Automotive laid off about 160 workers Friday, or roughly 75 percent of the automaker's staff, as it has struggled to find financial backing that would allow it to continue building its high concept clean cars.

The layoff announcement came as the innovative start up faces a looming repayment on a loan from the U.S. Department of Energy, and as reports have swirled that it could be preparing to file for bankruptcy. As with the failed solar firm Solyndra, the green car company was once an early pick by the Obama Administration to be part of America's clean energy future. The Obama Energy Department had approved Fisker for a government loan up to $529 million.

Stunned workers filed out of Fisker's Anaheim headquarters Friday morning with their belongings in boxes. One told ABC News that the employees had no advance notice the layoffs were coming, and they were told they would received no severance.

(Excerpt) Read more at gma.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: boofreakinhoo; employees; fisked; fisker; signs; solyndra
Ouch!!!
1 posted on 04/05/2013 3:12:20 PM PDT by NormsRevenge
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To: NormsRevenge

that’s because it’s a money laundering operation.


2 posted on 04/05/2013 3:29:20 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: NormsRevenge
the employees had no advance notice the layoffs were coming, and they were told they would received no severance

Welcome to the real world...but coming from Anaheim, they probably all voted for Zero, and with unemployment at 7.6% now, this is just another sign of the improving economy...heck, if they drop out of the work force, maybe we can get to 7.5% in another month...

3 posted on 04/05/2013 3:32:09 PM PDT by Magnum44 (.45 Caliber - because having to shoot twice is just silly)
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To: freekitty

Bingo!


4 posted on 04/05/2013 3:34:14 PM PDT by RushIsMyTeddyBear (Great vid by ShorelineMike! http://www.youtube.com/watch?v=KOZjJk6nbD4&feature=plcp)
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To: freekitty

Pop quiz:

Q. What is the fiscal multiplier on $529 in government stimulus?

A. If you are Fisker Automotive, zero.

Thank you, Nancy Pelosi

h/t zerohedge


5 posted on 04/05/2013 3:38:33 PM PDT by griswold3
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To: NormsRevenge

Want to fail miserably? Have Obama come speak at your plant and point to you as a beacon of his administration.


6 posted on 04/05/2013 3:40:19 PM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: NormsRevenge

Fisker used about $193 million of their $ 527 million loan from the government before they were cut off.

They were supposed to build cars here in DE at the shuttered GM plant, which GM, the government, closed in 2009, laying off 1800 workers—forever.Instead, they built the cars in Finland, promising to build not the Karma, but a $44,000 four door electric car called the “Nina”—which never happened.

Even having the idiot Vice President from our state didn’t help keep that plant open, even though it had a railroad connection that connected to every major destination in the country.

Our idiots in Dover got into the act too—giving Fisker $ 20 million in outright grants because they were going to produce cars in Delaware.

Fisker used $18 million of their DOE loan to buy the plant. From whom? GM? And who owned GM? The government of course.

This is a royal fluster-cluck here.

And those 1800 people went and found new jobs, many at very reduced wages to keep themselves afloat.

Now the Chinese are interested in buying Fisker at pennies on the dollar.But they are balking at the stated requirement that they must build cars at the Delaware plant.

This is money laundering on a huge scale all the way around.

Thanks Democrats!!! Once again you have screwed everything up!


7 posted on 04/05/2013 3:44:39 PM PDT by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: NormsRevenge

>>Among those laid off by Fisker Friday were the company’s team of spokespeople.<<

Now, THAT is funny! “When asked for comment, the company said ‘MMmmpph!’”


8 posted on 04/05/2013 3:45:31 PM PDT by freedumb2003 (LBJ declared war on poverty and lost. Barack Obama declared war on prosperity and won. /csmusaret)
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To: NormsRevenge
I wonder how Mr Ditter’s California cousins are taking this shocking news. I guess I really should call them and console them by inviting them to move to Texas.......... but I won't.
9 posted on 04/05/2013 3:50:15 PM PDT by Ditter
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To: NormsRevenge
Karma's a bitch.

You could see this coming, real entrepreneurs treat investor's money like a borrowed Ferrari that must be returned in better condition than they got it. These guys, just like Solyndra, treated investor money and government loans like a cheap rental car left unlocked in the 'hood.

10 posted on 04/05/2013 3:50:36 PM PDT by eldoradude (Let's water the tree of liberty with THEIR blood...)
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To: NormsRevenge
Their cars are beautiful.

If they'd throw a V8 in there they'd probably make some money.

11 posted on 04/05/2013 4:07:34 PM PDT by BfloGuy (The economy is not a pie, but a bakery.)
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To: BfloGuy

Bob Lutz already has

638 hp Chevy LS small block

http://green.autoblog.com/2013/01/18/bob-lutz-destino-is-the-fisker-karma-people-will-actually-want/


12 posted on 04/05/2013 4:10:49 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: NormsRevenge
If you build a POS that no one want to own you will be an epic FAILURE !

Even if President “never held a real job” thinks its the wave of the future.

Government money laundering at it's finest.

13 posted on 04/05/2013 4:15:52 PM PDT by Newbomb Turk ("All that is necessary for the triumph of evil is that good men do nothing.")
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To: NormsRevenge

Q: How does one make a million dollars investing in solar companies?

A: Start with a Trillion.

Ba-da-bing!

I’ll be here all week folks!


14 posted on 04/05/2013 4:39:25 PM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: NormsRevenge

Whom, pray, tell, didn’t see this coming? Besides the workers, I mean.

Zero is going down in flames and taking all his pet projects with him. I can only hope the country learns a lesson...they were fooled by Jimmeh Cahteh, and they were fooled by Zero. Same stuff, different day.


15 posted on 04/05/2013 4:40:31 PM PDT by Monkey Face (In wine there is wisdom, in beer there is freedom, in water there is bacteria. ~ Ben Franklin)
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To: Red in Blue PA
I’ll be here all week folks!

Thanks for the warning.

;-)

16 posted on 04/05/2013 4:43:44 PM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: NormsRevenge
One told ABC News that the employees had no advance notice the layoffs were coming, and they were told they would received no severance.

OK, let me get this straight. You worked in the HQ office for a company that produced zero cars, made zero profit, and was on the hook for millions in government loans, yet you had no idea that your job was in jeopardy? Idiot.

17 posted on 04/05/2013 4:45:29 PM PDT by Hoodat (I stand with Rand.)
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To: NormsRevenge

18 posted on 04/05/2013 4:50:20 PM PDT by clearcarbon
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To: nascarnation
Bob Lutz already has

Well, good. Thanks for the link.

19 posted on 04/05/2013 5:00:40 PM PDT by BfloGuy (The economy is not a pie, but a bakery.)
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To: NormsRevenge
"...the green car company was once an early pick by the Obama Administration..."

☭scumbag&Co couldn't pick their own noses.

20 posted on 04/05/2013 5:08:36 PM PDT by carriage_hill (The most insidious power the news media has, is the power to ignore.)
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To: NormsRevenge

Ironically, the car they make is named the “Karma.”


21 posted on 04/05/2013 6:21:25 PM PDT by matt04
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To: nascarnation

Hahahaha....


22 posted on 04/05/2013 6:24:02 PM PDT by matt04
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To: NormsRevenge

Documentation File on the negative impact of the Obamanation Counterculture on America.


23 posted on 04/05/2013 8:21:30 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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