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October 21, 2011
'Solyndra on wheels'
Another half billion in tax payer guaranteed money. Another company run by Democratic donors and supporters. And another company that has labored long and hard and produced...a lemon. Network news catches on to what AT wrote about yesterday. ABC News: With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland. "There was no contract manufacturer in the U.S. that could actually produce our vehicle," the car company's founder and namesake told ABC...(Read Full Post)