Wednesday, April 24, 2013

Fisker Automotive: The latest in a long line of corrupt, green-agenda, Obama supported debacles

Fisker Automotive hasn't made a car in 9 months, recently fired 75% of its workforce, and is preparing for bankruptcy.  Nevertheless, Henrik Fisker recently told a congressional panel that he thinks the company has the ability to survive and prosper if it can just secure enough financial resources to get it through these tough times.  Fortunately, several committee members are not only skeptical of these claims, but have strongly suggested that Fisker shouldn't have been granted the $529 million Department of Energy loan in the first place; a loan, by the way, that Fisker recently failed to make payment on.  From a Fox News story:
Newly released documents show that the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion dollar government loan, nearly a year before U.S. officials froze the loan after questions were raised about the company's statements.
Read the entire article here.