Follow Taxpayer Porkulus Dollars To Finland
The maker of a gas-electric car paid for with what ABC in the video below says was a $170,000 million stimulus dollar loan says the car just couldn't have been made here in the USA.
Popular Mechanics says it was a half-billion-dollar loan, and that building the cars overseas was always part of the plan:
LewRockwell, where I found the link, noted that the Finnish half-gas/half-electric car above is $97K, and that Tesla Motors, in the USA, has built an ALL-electric car for half the selling price ($49K) of the Finnish-built car our tax dollars are paying for.
Energy Department Defends Loan to Company Building Electric Cars in Finland
Fisker reportedly is backed by a firm that counts ex-Vice President Al Gore among its partners.
Jim P. at October 23, 2011 12:24 AM
The first (more expensive) model is being made in Finland. This loan allowed the company to buy a plant in Delaware (they just started hiring earlier this year) to build the second, more affordable model...
jen at October 23, 2011 6:44 AM
Is this going to be like Solyndra's auction?
Solyndra’s surplus assets to be offered through global webcast auction
http://www.pv-tech.org/news/solyndras_surplus_assets_to_be_offered_through_global_webcast_auction
Jim P. at October 23, 2011 7:49 AM
This loan allowed the company to buy a plant in Delaware (they just started hiring earlier this year) to build the second, more affordable model...
Gee, just like Solyndra - big fat loan, first thing they did was build a new factory. Wonder if the more affordable model will come in under the prices of the Chevy Volt or the Nissan Leaf?
Wonder how many hundreds of millions we the tax payers will be on the hook? I'm going to go out on a limb and predict that all this company will produce is...accounting irregularities.
I R A Darth Aggie at October 23, 2011 8:37 AM
And the relationship between selling price and cost would be?
Jeff Guinn at October 23, 2011 11:04 AM
Neither car makes economic sense.
MarkD at October 24, 2011 5:41 AM
Well Jeff, offhand the selling price is designed to recoup the cost of building the thing
lujlp at October 24, 2011 11:23 AM
In a market economy, sure.
How many tax advantages and rebates do these electric cars get, anyway?
Jeff Guinn at October 26, 2011 9:31 AM
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