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This kind of crap is ok with you kool-aiders? Yes? No objections?

Barbella

Senator
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 company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland.

"There was no contract manufacturer in the U.S. that could actually produce our vehicle," the car company's founder and namesake told ABC News. "They don't exist here."

Henrik Fisker said the U.S. money has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.

"We're not in the business of failing; we're in the business of winning. So we make the right decision for the business," Fisker said. "That's why we went to Finland."

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.

An investigation by ABC News and the Center for Public Integrity's iWatch News found that the DOE's bet carries risks for taxpayers, has raised concern among industry observers and government auditors, and adds to questions about the way billions of dollars in loans for smart cars and green energy companies have been awarded. Fisker is more than a year behind rolling out its $97,000 luxury vehicle bankrolled in part with DOE money. While more are promised soon, just 40 of its Karma cars (below) have been manufactured and only two delivered to customers' driveways, including one to movie star Leonardo DiCaprio. Tesla's SEC filings reveal the start-up has lost money every quarter. And while its federal funding is intended to help it mass produce a new $57,400 Model S sedan, the company has no experience in a project so vast.

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

NCmusicman

Governor
Obama sent $500 Million to Brazil for offshore oil drilling... immediately after he cut our own production by 50%.

The radio caller from canada the other day was right: Obama is a wrecking ball against the USA.
 

Jen

Senator
From what I can see here at PJ, the kool-aiders will drink any kind of kool-aid handed to them by those they uhhhhh......... have deemed their gods............no questions asked.

Bilk Americans..........sure
Buy American........... nah. No need to do that.
 

Saladin2

Senator
Supporting Member
Maybe all you angry republican types should go back to driving your big gas hogs SUV's and quit worrying about electric cars
 

StanH

Council Member
Pretty much everything sucks to you. You seem like a very unhappy person, very hateful. You keep pointing your finger saying so-and-so is a loser, the other guy is a loser, everyone's a loser. Unfortunately, I'm afraid this may say more about how you feel about yourself than all the people you so viciously attack.

I sincerely hope you get some joy in your life.

However, I'd like to warn you: making your happiness contingent on what government is going to do for you will only lead to even more disappointment.

Best of luck to you, sir.

SUV's SUCK.......
 

Saladin2

Senator
Supporting Member
Too funny...Look at the paranoid fear mongers...Typical republicans, afraid of their own shadow
 
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