Tuesday, February 07, 2012

Karma is a bitch . . .



Fisker Automotive Inc., Anaheim maker of hybrid electric luxury cars, said today that it has laid off 26 people in Delaware, delayed opening a manufacturing plant there and laid off 40 to 45 workers in Anaheim.


Fisker recently started delivering its first car, the Karma that will sell for around $100,000. The Nina is to be a lower-priced hybrid car that is to be built at a former General Motors plant in Wilmington, Del.

Fisker has received $193 million of a $529 million low-interest loan from the DOE. Most of the money has been for the Karma, Fisker’s luxury sedan, according to the company’s statement.

Make my head spin!  The government is broke, people are living an economic crisis with may laid off, losing homes, etc. - and the Department of Energy gives $193 million to produce a $100,000 car?!?!

Fisker, after multiple delays, began selling its Karma sports car in November. The delays, however, have cost it some customers with 5% of orders being canceled, Marti Eulberg, Fisker’s vice president of sales and marketing, told Autoweek last month.



Ormisher said that 5% cancellation rate was over three years and the company is getting more orders. It is making 20 to 25 Karmas a day.


Then, came word in December that there was a problem with the Karma’s batteries that forced a recall of the cars and a temporary halt to sales, followed by a second recall last month due to a software glitch.

Solyndra on wheels!  I can make a luxury car that no one can afford, but because it has the word 'hybrid" on it - and perhaps because of political connections - I can get the government to give me $193 million of taxpayer money (of the $529 million already promised).  And then cry "boo hoo!" when I cannot get anymore to make the "economical" version.

"Green" jobs - the last place you want to send your resume!

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