Energy Department Gives Loan to Company Building Electric Cars in Finland

vinnie

vinnie

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The Department of Energy is standing by a $529 million loan guarantee to an electric car company that is outsourcing production to Finland.

A department official, in a lengthy response posted on a government blog Thursday night, confirmed that the company Fisker is assembling its Karma electric car at its "overseas facility."

The response comes after ABC News reported that the Obama administration gave the green light for the company to move the manufacturing to Finland two years after announcing the loan.:sadwave:
 
gardenweasel

gardenweasel

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vinnie said:
The Department of Energy is standing by a $529 million loan guarantee to an electric car company that is outsourcing production to Finland.

A department official, in a lengthy response posted on a government blog Thursday night, confirmed that the company Fisker is assembling its Karma electric car at its "overseas facility."

The response comes after ABC News reported that the Obama administration gave the green light for the company to move the manufacturing to Finland two years after announcing the loan.:sadwave:
Click to expand...

american taxpayers paying for finnish jobs?...what`s wrong with that?...al gore`s heavily invested in fisker(and he really needs the dough).....

i can?t wait to get me one of those $60k electric cars. ....i?ll be able to afford it eeeeasily once the occupy wall street crew`s demands are met and the minimum wage is raised to $100/hr.....:spotting:



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ImFeklhr

ImFeklhr

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gardenweasel said:
american taxpayers paying for finnish jobs?...what`s wrong with that?...al gore`s heavily invested in fisker(and he really needs the dough).....

i can?t wait to get me one of those $60k electric cars. ....i?ll be able to afford it eeeeasily once the occupy wall street crew`s demands are met and the minimum wage is raised to $100/hr.....:spotting:



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Click to expand...

I've heard of shovel-ready projects, but to invest in one's that are already finnish? Don't see how that's going to create jobs. :rimshot
 
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Snafu

Snafu

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only $170m will be used to assemble cars here, i think rest of the money will be used in USA.

Fisker said that there were not enough high quality assembly lines available in US.

same Finnish company, Valmet/Patria, also does/did F-18 Hornet parts. car factory used to build Porsches and Saab's special models.


:0008
 
gardenweasel

gardenweasel

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the fisker dude:

He said the decision, ultimately, was to help prevent his company from following the path of Solyndra, which exhausted nearly all of its loan money on a high-tech solar manufacturing plant in Freemont, California.
"If you just start doing like what Solyndra did, making a factory in a place where it was too expensive to manufacture [you] obviously fail," he said.

Translation: we were bound and determined to manufacture in a union shop in a union-friendly state but it would have bankrupted us.....we could have opended a non-union shop in the south but fuck those racist inbreds....hello scandis!





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