Last October we told you about Finland’s new US funded Fisker automotive electric 19 MPG $100,000 car. It was funded by a $529 Million Energy Dept low interest loan via American taxpayers. Nobody wants it. Fisker is being forced to lay off employees in order to refinance it’s loan. The point is this that disaster is even being considered, it’s our money.
AP: “In 2009, Vice President Joe Biden headed joined Fisker officials in Delaware in announcing the resurrection of the former GM plant, and Delaware’s Council on Development Finance approved a $12.5 million loan to Fisker to help build the Nina in Delaware. The loan will become a grant if Fisker spends at least $175 million renovating the old GM facility and shows that it created 2,495 jobs in five years.” Never forget it’s Bush’s fault.
Despite high gas prices hybrid owners have said their car was just too expensive. Ex-owner’s own words: “Lot of gasoline powered vehicles out there that are much more fuel efficient and it costs thousands of dollars less than the hybrid counterparts.”
Polk Automotive asked how many owners bought another and found the following, including green areas;
35.0% – Nationwide
34.1% – Los Angeles
33.5% – San Francisco
34.8% – Portland
Complaints centered on less than expected gas mileage and batteries not working.
Hybrids recoup their costs after 7 to 10 years but owners normally sell after 6 years.
Obama refuses to back down regardless of the fact that there is no market. In the end, is he creating or destroying jobs? Building or burying economy? Who is being loyal to the people?