Politics
Out of context: Reply #17533
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Fisker announces layoffs as automaker misses targets, has DOE loans frozen -- Another Green Energy Company Stumbles
http://abcnews.go.com/Blotter/fi…
Fisker Automotive, an electric car maker that received a half-billion-dollar loan from the federal government, said Monday that it has laid off workers in Delaware and California.
The layoffs include 26 workers at a former General Motors plant in Wilmington that Fisker is retooling to manufacture its Nina plug-in hybrid sedan. Another 40 contractors and employees who were working in design and development of Fisker's Karma luxury car in Anaheim, Calif., also have been cut.
The layoffs come as Fisker is seeking to renegotiate its loan agreement with the Department of Energy.
Fisker has received $193 million of the $529 million DOE loan, mostly for work on the Karma, which sells for about $100,000. The introduction of the Karma was delayed because of regulatory issues and battery pack problems that prompted a voluntary safety recall by Fisker.
Fisker was one of a handful of auto companies to receive sizeable federal loans to help support the birth of an electric car industry in the United States. As ABC News reported in October, Fisker's efforts have been beset by delays. And despite benefitting from U.S. taxpayer support, the company had signed a contract with a firm in Finland to assemble its first generation electric vehicle, a flashy $97,000 sports coupe called the Karma.
Accompanying the layoffs was an announcement that Fisker has approached the Department of Energy about revising the targets it had to meet in order to continue drawing money from the federal loan. Whether the Energy Department agrees to alter the terms, and invest more taxpayer in the Fisker venture remains unclear. Critics of the Obama administration told ABC News they worried that Fisker was at risk of becoming the next Solyndra -- a reference to the now-bankrupt solar panel firm that received support from a government loan program.
- ohhhh wait, image fuck-up is actually fitting, because that's what the US taxpayer is going to see in return!!********
- Obama loses another $500 million to 'car company'. FYI********
- Bush spent $1 trillion in Iraq and you are less safe now than you were then. Just sayin'DrBombay
- You were on his balls like a tick back then, JazX.DrBombay
- Now suddenly you are Mr. Responsibility. GFY.DrBombay
- it's not about being safe, it's about those assholes flexing their might and taking tax payers for a ride. and for the********
- Nteenth time, WTF does jazx mean. FFS!?********
- Ha, now you are acting as if you don't know who JazX is? Your troll is weak, bitch.DrBombay
- ohhhh wait, image fuck-up is actually fitting, because that's what the US taxpayer is going to see in return!!