Fisker.......

[J P Stein]

.....floating belly up?

Report: Obama-backed Fisker lays offs workers, faces suit by Solyndra-related firm | Fox News

[jyl]

Maybe. But Telsa, which also received a $500MM loan under the same George Bush-started green vehicle loan program under which Fisker received $200MM, just became profitable. Win some, lose some. Not that FOX will ever mention the wins, or the fact that the loan program was started by a Republican president.

DailyTech - Fisker Cries Foul Over Romney's Attacks on Bush/Obama Green Energy Program

[Jim Richards]

Let's politicize this topic.

[Zeke]

I read the complete article in the LA Times today and I'd say that most companies on life support like this one do not make it w/o total reorganization. So, yes, it's gone. There are, however, ways to make this car once again. I doubt many of them are all the viable, though. There's already talk of a new model after only 2000 of the old one. The manufacturer of the batteries is dead and now owned by a Chinese firm.

All the players are on the board and the 2 pawns have been moved into position. I think it's China's move.

[Joe Bob]

Tesla is also suing Fisker for product patent infringement. Just sayin'.....

[stealthn]

Sad, they are beautiful cars and I would have loved to own one.

[Scott R]

Originally Posted by jyl

Maybe. But Telsa, which also received a $500MM loan under the same George Bush-started green vehicle loan program under which Fisker received $200MM, just became profitable. Win some, lose some. Not that FOX will ever mention the wins, or the fact that the loan program was started by a Republican president.

DailyTech - Fisker Cries Foul Over Romney's Attacks on Bush/Obama Green Energy Program

Tesla did not just become profitable. They are projected to post another large loss in fact.

[Kraftwerk]

Time to make an electric Delorean!~

[john70t]

How does anyone spend (I.E. LOSE) half a trillion dollars?

Solyndra- Empty factory made of gold. To be auctioned off....
Fisker- Elite sports car run by foreigners.
Tesla- Elite sports car run by foreigners. (Although Musk has made other tech progresses, I object to the name usage.)

~$1.5 Trillion in green political distraction games, and nothing acheived.

[sammyg2]

it's all over except for the crying (over the bad gubmint loans).

[sammyg2]

Originally Posted by Kraftwerk

Time to make an electric Delorean!~

They're already doing it. Got $70k?

Maybe the current administration can get it down to $50k iffn they loan them enuff of our money.

[Brando]

Heard about this - one of our clients just invested in getting ground broken on a Fisker dealership. I think they're just become another CDJR store.

[RWebb]

we bailed out Chrysler - twice

[Scott R]

Chrysler made cars though, I don't think we ever bailed out E-Z-Go.

[Gogar]

Originally Posted by john70t

How does anyone spend (I.E. LOSE) half a trillion dollars?

Solyndra- Empty factory made of gold. To be auctioned off....
Fisker- Elite sports car run by foreigners.
Tesla- Elite sports car run by foreigners. (Although Musk has made other tech progresses, I object to the name usage.)

~$1.5 Trillion in green political distraction games, and nothing acheived.

Sorry mate I think you mean 1.5 Billion with a B.

[lendaddy]

Originally Posted by RWebb

we bailed out Chrysler - twice

Also bad ideas

[onewhippedpuppy]

If your business requires subsidies to make sense, failure is inevitable when the well dries up.

[legion]

Originally Posted by onewhippedpuppy

If your business requires subsidies to make sense, failure is inevitable when the well dries up.

This^

This should also drive away private investment in subsidized companies, as a simple change in the political winds can quickly gut such an investment.

[RWebb]

Originally Posted by lendaddy

Also bad ideas

not for Jeep


oh, wait - those are Fiats now...

[RWebb]

Originally Posted by onewhippedpuppy

If your business requires subsidies to make sense, failure is inevitable when the well dries up.

a nice double entendre for the oil industry