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Fisker Car Company On The Rocks - Seeks Partner  
User currently offlinestasisLAX From United States of America, joined Jul 2007, 3283 posts, RR: 6
Posted (1 year 6 months 1 week 2 days 6 hours ago) and read 1814 times:

Henrik Fisker, the former BMW designer who co-founded Fisker Automotive, has resigned from the plug-in hybrid car maker, citing conflicts with other Fisker company executives.

2014 Fisker Atlantic (concept sedan)


Fisker, who has been executive chairman for the past 13 months, wrote in an e-mail that the main reasons for his departure were "several major disagreements" with "Fisker Automotive executive management on the business strategy."

The company hasn't produced a car since last summer and is in desperate need of capital to launch a new model. Fisker Automotive reportedly has been talking to Chinese investors.

"I'm proud of having brought the first luxury plug-in hybrid to market under my leadership," Fisker said in an email interview later Wednesday with Automotive News. "Despite the difficulties, and setbacks, more than many big car companies have to face, Fisker Automotive tackled the issues head on and managed to sell more than 2,000 cars to date."

The move marks the end of his dream of launching his own car company. Fisker was a top design executive for BMW, Ford Motor Co. and Aston Martin before starting Fisker Automotive in 2007.

Tony Posawatz, a former General Motors executive who became president and CEO of Fisker in August 2013, said this morning that he had just been made aware of the resignation. Posawatz previously was the vehicle director for the Chevrolet Volt hybrid.

Asked if Fisker would survive without the founder, Posawatz said, "We're in the midst of some serious negotiating."News reports reported last month that a Chinese holding group, Zhejiang Geely, which current owns Volvo, leads the bidding to take over Fisker Automotive.

Fisker Automotive raised $100 million in private equity investment in September 2012, but the following month, the battery supplier for Fisker's $107,000 USD "Karma" luxury sedan (a company called 123 Systems) entered Chapter 11 bankruptcy, emerging from bankruptcy in January 2013 with a new owner - yet another Chinese supplier Wanxiang Group Company. 123 Systems bankruptcy left Fisker without any battery supplier whatsoever for its vehicles, effectively killing their company.

Fisker's plan to build a cheaper (but not cheap - $55,000 USD) mid-sized EV, a sport sedan called the Atlantic, appear to have also died due to the company's poor financial health. Fisker at one time planned to build the swoopy Atlantic sedan at a shuttered General Motors assembly plant near Wilmington, Delaware. Those plans were canceled after the U.S. Department of Energy canceled most of a $529 million Advanced Vehicle Technology government loan when Fisker Automotive fell far short of production goals for the Karma sedan. It appears today that Fisker will be fully absorbed by the Chinese and likely cease to exist as the "Fisker" brand.

Source: http://www.bbc.co.uk/news/business-21759257

[Edited 2013-03-15 17:18:04]


"Those who would give up essential liberty to purchase temporary safety deserve neither liberty nor safety!" B.Franklin
26 replies: All unread, showing first 25:
 
User currently offlineokie From United States of America, joined Jul 2003, 3044 posts, RR: 3
Reply 1, posted (1 year 6 months 1 week 2 days 1 hour ago) and read 1755 times:

Quoting stasisLAX (Thread starter):
Tony Posawatz, a former General Motors executive who became president and CEO of Fisker in August 2013, said this morning that he had just been made aware of the resignation. Posawatz previously was the vehicle director for the Chevrolet Volt hybrid.

I am in hope that you meant August 2012.

Meanwhile, I try and act surprised.

The best that can be determined is that Solyndra, Fisker, A123 among others were just places to recycle taxpayer monies back into the DNC as campaign contributions while making a some elitists extremely rich.

Okie


User currently offlineAesma From France, joined Nov 2009, 6664 posts, RR: 11
Reply 2, posted (1 year 6 months 1 week 2 days 1 hour ago) and read 1747 times:

I don't even understand how such expensive cars could have gotten subsidies. Subsidies should be for cars like the Volt or cheaper.


New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7410 posts, RR: 5
Reply 3, posted (1 year 6 months 1 week 1 day 22 hours ago) and read 1728 times:

Quoting Aesma (Reply 2):
I don't even understand how such expensive cars could have gotten subsidies. Subsidies should be for cars like the Volt or cheaper.

Tesler are paying back their subsidies early, looks like some of the loans have done some good.

http://www.smartplanet.com/blog/bull...pay-back-us-govt-loans-early/14882


User currently onlineBMI727 From United States of America, joined Feb 2009, 15745 posts, RR: 27
Reply 4, posted (1 year 6 months 1 week 1 day 22 hours ago) and read 1724 times:

Quoting Aesma (Reply 2):
I don't even understand how such expensive cars could have gotten subsidies.

I don't understand how any car not being bought by the government should be paid for by the government.

Quoting Aesma (Reply 2):
Subsidies should be for cars like the Volt or cheaper.

   The Volt is by no means a cheap car, since taking one off the lot will cost you over $32,000 which is after the federal tax credit. Somewhere I saw the average income of a Volt buyer was in the six figure range, so it's definitely not an everyman's car.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineSuperfly From Thailand, joined May 2000, 39887 posts, RR: 74
Reply 5, posted (1 year 6 months 1 week 1 day 22 hours ago) and read 1719 times:

But, but like, umm...umm...what about all of those jobs of the future, green futures and hope & change stuff?   

Quoting okie (Reply 1):
Meanwhile, I try and act surprised.

  
Me too. I'm going to make some popcorn and watch this play out.

Quoting Aesma (Reply 2):
Subsidies should be for cars like the Volt or cheaper.

No car should be subsidized period!
That is what the 2nd hand market is for. Market forces already allow those on limited budget to buy some cheap wheels.



Bring back the Concorde
User currently offlinestasisLAX From United States of America, joined Jul 2007, 3283 posts, RR: 6
Reply 6, posted (1 year 6 months 6 days 14 hours ago) and read 1599 times:

Quoting okie (Reply 1):
I am in hope that you meant August 2012.

Indeed I did - August 2012!!



"Those who would give up essential liberty to purchase temporary safety deserve neither liberty nor safety!" B.Franklin
User currently offlineAesma From France, joined Nov 2009, 6664 posts, RR: 11
Reply 7, posted (1 year 6 months 6 days 10 hours ago) and read 1557 times:

Quoting BMI727 (Reply 4):
The Volt is by no means a cheap car, since taking one off the lot will cost you over $32,000 which is after the federal tax credit. Somewhere I saw the average income of a Volt buyer was in the six figure range, so it's definitely not an everyman's car.

Sure, here it's 38500€ for the Volt and more than 40000€ for the Opel Ampera, that is after a 5000€ bonus. Similar to the BMW 3 series or the most high end French cars (not counting Bugatti of course). But that price is due to the technology, not because it's a sports or luxury car. The bonus is paid for by buyers of Porsches and Ferraris that have a 5000€ malus.

Quoting BMI727 (Reply 4):
I don't understand how any car not being bought by the government should be paid for by the government.

In the US especially gas is subsidized (by military operations only aimed at securing oil) so I don't see the problem.



New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
User currently onlineBMI727 From United States of America, joined Feb 2009, 15745 posts, RR: 27
Reply 8, posted (1 year 6 months 6 days 10 hours ago) and read 1552 times:

Quoting Aesma (Reply 7):
Sure, here it's 38500€ for the Volt and more than 40000€ for the Opel Ampera, that is after a 5000€ bonus.

In America Chevy aired a TV commercial with a younger lady saying that she was going to take here gas savings and fund a trip to Hawaii, leaving out the fact that if she'd just bought a Cruze or similar car she'd could have been to Hawaii and back already. For the premium of a Volt over gasoline cars, you could buy literally thousands of miles worth of gasoline.

Quoting Aesma (Reply 7):
The bonus is paid for by buyers of Porsches and Ferraris that have a 5000€ malus.

Which is absolutely ridiculous, and in the US CAFE and the gas guzzler tax backfired and made Americans use more gas. Liberals here love to carry on about "getting the government out of my bedroom" to which I'd say fine as long as you put as much effort into getting them out of my garage too.

Quoting Aesma (Reply 7):
In the US especially gas is subsidized (by military operations only aimed at securing oil) so I don't see the problem.

That didn't quite work - and when Bush went on about WMDs that was to get (paleo) conservatives on board, not liberals. But Afghanistan does have considerable amounts of Lithium, as in Lithium ion batteries.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineSuperfly From Thailand, joined May 2000, 39887 posts, RR: 74
Reply 9, posted (1 year 6 months 6 days 10 hours ago) and read 1542 times:

Quoting BMI727 (Reply 8):
Liberals here love to carry on about "getting the government out of my bedroom" to which I'd say fine as long as you put as much effort into getting them out of my garage too.


  
Amen to that!

Quoting BMI727 (Reply 8):
Afghanistan does have considerable amounts of Lithium, as in Lithium ion batteries.



No blood for lithium!



Bring back the Concorde
User currently offlinezckls04 From United States of America, joined Dec 2011, 1378 posts, RR: 4
Reply 10, posted (1 year 6 months 6 days 9 hours ago) and read 1538 times:

Quoting okie (Reply 1):
The best that can be determined is that Solyndra, Fisker, A123 among others were just places to recycle taxpayer monies back into the DNC as campaign contributions while making a some elitists extremely rich.

Not really- the government is just acting as a venture capitalist. An average VC expects to fail 70% of the time, and the government's green loans have been far lower risk than that. Their strategy is pretty conservative.

I would agree with people who say that the government shouldn't be doing this though. The way things are at the moment the US public buys very cheap gas, so the technology just isn't required right now. Far better in this early stage to let Europe be the driver of the market since their gas is way more. Let their governments take the risks of investing in what could be the Betamax of the car world. US car companies will be able to catch up quickly if the demand is there.



If you're not sure whether to use a piece of punctuation, it's best not to.
User currently offlineAesma From France, joined Nov 2009, 6664 posts, RR: 11
Reply 11, posted (1 year 6 months 6 days 8 hours ago) and read 1519 times:

Quoting BMI727 (Reply 8):
Which is absolutely ridiculous, and in the US CAFE and the gas guzzler tax backfired and made Americans use more gas.

Well CAFE was a blunder for sure, here there is no similar law (although I think the EU wants to go that way). The bonus/malus is based on CO2 emissions of individual vehicles, there is no effect on the manufacturer. They're trying to emit less but with a V8 or V12 engine there is no hope. When you're buying a Ferrari 5000€ is pocket change anyway, a mirror probably costs more.

I still disagree with the scheme because it penalizes cars that in reality don't burn lots of gas, you never hear of a Ferrari driven 30000Km in a year (probably because it's impossible, you'd need to change the transmission several times a year). Expensive gas is enough to discourage people driving a lot from buying gas guzzlers, and if they do, they pay for it at the pump. An uncle of mine has a Porsche Cayenne S with a methane tank in the trunk to get better range and a smaller gas bill !

Quoting BMI727 (Reply 8):
That didn't quite work - and when Bush went on about WMDs that was to get (paleo) conservatives on board, not liberals. But Afghanistan does have considerable amounts of Lithium, as in Lithium ion batteries.

I'm not only talking about Iraq but all your carriers and bases around the world. Lithium wasn't a factor 12 years ago.

Quoting zckls04 (Reply 10):
Far better in this early stage to let Europe be the driver of the market since their gas is way more.

The gas costs more because of taxes. The governments thus don't have a big incentive in reducing demand, on the contrary ! It's like with tobacco taxes. The French government is thinking of equalizing diesel fuel and gas taxes though, by increasing the currently lower diesel taxes. It would both bring in more money and make diesel cars less attractive for people not driving that much, because currently the market is skewed. If most parts of an hybrid/electric car (batteries, motors, etc) are made locally it helps reduce the trade deficit and keep an industrial base, those are the advantages.



New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
User currently offlinezckls04 From United States of America, joined Dec 2011, 1378 posts, RR: 4
Reply 12, posted (1 year 6 months 6 days 8 hours ago) and read 1512 times:

Quoting Aesma (Reply 11):
The gas costs more because of taxes. The governments thus don't have a big incentive in reducing demand, on the contrary

Not necessarily talking about governments taking the risks, but car companies. The only reason US car companies are investing to such an extent in things like the Volt is because of the government subsidies afforded to them. European car companies are in a far better position to do so without such subsidies, because strong demand for cheaper-to-run cars will arrive much sooner.



If you're not sure whether to use a piece of punctuation, it's best not to.
User currently offlineokie From United States of America, joined Jul 2003, 3044 posts, RR: 3
Reply 13, posted (1 year 6 months 6 days 8 hours ago) and read 1495 times:

Quoting zckls04 (Reply 10):
Not really- the government is just acting as a venture capitalist. An average VC expects to fail 70% of the time, and the government's green loans have been far lower risk than that. Their strategy is pretty conservative.

Chu won't comitt to the failure rate but it is way higher than that, largely because as pointed out before the loans were given due to political contributors (over 85%) not counting the money sent over seas.

The Obama concept of Green Energy is trying produce campaign contributions from the quantity and velocity of tax payer monies being stolen from the Treasury.



Okie


User currently offlinezckls04 From United States of America, joined Dec 2011, 1378 posts, RR: 4
Reply 14, posted (1 year 6 months 6 days 7 hours ago) and read 1489 times:

Quoting okie (Reply 13):
The Obama concept of Green Energy is trying produce campaign contributions from the quantity and velocity of tax payer monies being stolen from the Treasury.

I was under the impression the Dept of Energy loan program was passed by a Republican-controlled Congress under Bush in 2005. I could be wrong though.

Quoting okie (Reply 13):
Chu won't comitt to the failure rate but it is way higher than that, largely because as pointed out before the loans were given due to political contributors (over 85%) not counting the money sent over seas.

So how does that change the failure rate? Why does the location of the jobs affect whether the companies succeeded or failed?



If you're not sure whether to use a piece of punctuation, it's best not to.
User currently offlineokie From United States of America, joined Jul 2003, 3044 posts, RR: 3
Reply 15, posted (1 year 6 months 6 days 6 hours ago) and read 1475 times:

Quoting zckls04 (Reply 14):
I was under the impression the Dept of Energy loan program was passed by a Republican-controlled Congress under Bush in 2005. I could be wrong though.

There is nothing wrong with the concept of the loan program, there just has to be chance of a viable return.
Solyndra a prime example. Turned down by Bush administration as not being viable.
A123 absolutely worse, not one single customer, zip, zero, none, competing on a world market where other companies had the market. Fisker was forced to go there. Hard to make a viable company producing a few batteries a month. Government Motors would not even buy there for the Volt.

Quoting Aesma (Reply 2):
Subsidies should be for cars like the Volt or cheaper.

It is costing $89,000+ to build a Volt. That would make the car near $100,000.00 retail. Every car that rolls off the assembly line is costing the taxpayer near sixty thousand dollars. That is eating up a lot of resources for education and health care.

Again, energy is not produced by the quantity and velocity of money removed from the Treasury.

Okie


User currently offlinePyrex From Portugal, joined Aug 2005, 4022 posts, RR: 28
Reply 16, posted (1 year 6 months 6 days 4 hours ago) and read 1450 times:

Quoting zckls04 (Reply 10):
Not really- the government is just acting as a venture capitalist

Venture capitalists have a substantial portion of their own net worth invested in their funds, and they raised money by demonstrating a track record of successful investments. Government bureaucrats have no (individual) downside risk whatsoever (will retire with a cushy pension no matter how much they mess up, and have no real incentives to perform well either) and raise funds by confiscating them from people. The two things are not comparable in the slightest.



Read this very carefully, I shall write this only once!
User currently onlineBMI727 From United States of America, joined Feb 2009, 15745 posts, RR: 27
Reply 17, posted (1 year 6 months 6 days 3 hours ago) and read 1437 times:

Quoting zckls04 (Reply 10):
Not really- the government is just acting as a venture capitalist.

Venture capitalists need to act as venture capitalists. If they're just going to risk our money, it's better that individual Americans decide how to risk their money.

Especially when you're dealing with companies like GM, you have to ask yourself why nobody except the government is willing to put in money if these are such sure fire ideas.

Quoting Aesma (Reply 11):
When you're buying a Ferrari 5000€ is pocket change anyway, a mirror probably costs more.

That doesn't make it better. That's just the government picking on the rich and punishing them for buying something cool. A jealousy tax as much as anything.

Quoting Aesma (Reply 11):
I'm not only talking about Iraq but all your carriers and bases around the world.

Ah, yes. Americans working hard to defend the oil fields of South Korea.

Quoting zckls04 (Reply 12):
The only reason US car companies are investing to such an extent in things like the Volt is because of the government subsidies afforded to them.

Translation: "We aren't willing to spend our money on it, but we'll sure as hell spend yours!"



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineFlighty From United States of America, joined Apr 2007, 8544 posts, RR: 2
Reply 18, posted (1 year 6 months 6 days 2 hours ago) and read 1431 times:

Quoting BMI727 (Reply 17):
Especially when you're dealing with companies like GM, you have to ask yourself why nobody except the government is willing to put in money if these are such sure fire ideas.

Well for the sake of argument, venture capitalists can be herd-minded idiots, and governments have built some great things they never would have. But, yes GM should have gone bankrupt. It's hard to say, however that Elon Musk hasn't paid off in spades. Because he has. Would venture capitalists have done it just as well, I don't know.


User currently offlinezckls04 From United States of America, joined Dec 2011, 1378 posts, RR: 4
Reply 19, posted (1 year 6 months 6 days 1 hour ago) and read 1424 times:

Quoting okie (Reply 15):
Solyndra a prime example. Turned down by Bush administration as not being viable.

No it wasn't. Bush actively tried to push it through before Obama's inaugaration. The loan was funded after a three year process which ended just eight weeks after Obama took office. How much input do you suppose his administration had on that decision?

Quoting BMI727 (Reply 17):
Venture capitalists need to act as venture capitalists. If they're just going to risk our money, it's better that individual Americans decide how to risk their money.
Especially when you're dealing with companies like GM, you have to ask yourself why nobody except the government is willing to put in money if these are such sure fire ideas.

I agree completely. I don't think this is the government's place. Where I draw the line is this ridiculous idea that Bush's idea of loaning to Green Companies was excellent, but the fact that Solyndra failed under Obama is terrible.

If you accept the idea of the government making such loans it's total crap to turn around and claim that Solyndra was a scandal because it failed, and that was entirely Obama's fault. Most startups do fail, and Solyndra at the time was a very, very promising company. You don't get $450 million in private capital by just asking nicely.

[Edited 2013-03-18 21:43:00]


If you're not sure whether to use a piece of punctuation, it's best not to.
User currently offlineokie From United States of America, joined Jul 2003, 3044 posts, RR: 3
Reply 20, posted (1 year 6 months 5 days 18 hours ago) and read 1384 times:

Quoting zckls04 (Reply 19):
No it wasn't. Bush actively tried to push it through before Obama's inaugaration. The loan was funded after a three year process which ended just eight weeks after Obama took office. How much input do you suppose his administration had on that decision?

Solyndra was did not pass muster by the Bush administration as being to risky. The Obama administration pushed the loan back to DOE within 9 days after the Obama administration took office. Westly, Rogers and Kaiser were major multimillion dollar DNC donors had put pressure on the White House for approval.
Try facts, Bush was not in office in 2009. Biden and Chu were at the ground breaking of the boondoggle. Not Bush and Cheney.

Okie


User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7410 posts, RR: 5
Reply 21, posted (1 year 6 months 5 days 15 hours ago) and read 1363 times:

Quoting zckls04 (Reply 12):
European car companies are in a far better position to do so without such subsidies, because strong demand for cheaper-to-run cars will arrive much sooner.

Europeans aren't interested in hybrids, since they are pretty happy with diesel, hybrids are mainly for the US market.

Quoting okie (Reply 15):
It is costing $89,000+ to build a Volt. That would make the car near $100,000.00 retail.

What about the massive subsidies paid to Lockheed for the F-35

Quoting okie (Reply 15):
That is eating up a lot of resources for education and health care.

Just think how many people you could fix and educate for the money being wasted on the F-35, which is reality isn't needed. Subsidising Fisker and GM is a drop in the bucket compared to that boondoggle.


User currently offlinezckls04 From United States of America, joined Dec 2011, 1378 posts, RR: 4
Reply 22, posted (1 year 6 months 5 days 14 hours ago) and read 1347 times:

Quoting okie (Reply 20):
Solyndra was did not pass muster by the Bush administration as being to risky.

Nope. After the initial loan application was made in 2006, the DOE performed 2 years of engineering, financial and technical reviews on Solyndra. They finally submitted the Solyndra loan to a non-partisan credit review committee on January 9th 2009, which then punted it back for further review. After a couple of months of negotiation between the DOE and Solyndra the DOE again (on March 12th) submitted the loan to the same review committee, made up of the same members, who approved it.

I find it hilarious that you think this process was actually completed in less than 8 weeks. It took 3 years for the DOE to approve this loan.

Quoting okie (Reply 20):
Westly, Rogers and Kaiser were major multimillion dollar DNC donors had put pressure on the White House for approval.

Evidence? Did the Walmart family (major investors in Solyndra and major Republican donors) put pressure on GWB to select the loan in the first place? How did these investors put pressure on a group of career, non-elected civil servants who made up the credit review committee?

Quoting okie (Reply 20):
The Obama administration pushed the loan back to DOE within 9 days after the Obama administration took office.

What do you mean "pushed the loan back to DOE"? The DOE is part of the government. I think you're getting a little confused.

Quoting okie (Reply 20):
Try facts, Bush was not in office in 2009.

Presidents don't take office the day after the election. Bush was in office in 2009.

Quote:
Biden and Chu were at the ground breaking of the boondoggle. Not Bush and Cheney.

What relevance is that? Should they have refused to go because the loan was initiated by GWB? Wouldn't that be a little petty?



If you're not sure whether to use a piece of punctuation, it's best not to.
User currently offlinemham001 From United States of America, joined Feb 2005, 3649 posts, RR: 5
Reply 23, posted (1 year 6 months 5 days 9 hours ago) and read 1323 times:

Quoting Aesma (Reply 7):
Similar to the BMW 3 series

That is where it is meant to compete.

Quoting BMI727 (Reply 8):
if she'd just bought a Cruze or similar car she'd could have been to Hawaii and back already.

It is not in the same class a Cruze. Is it ok if people want a little more car than an entry level compact?

Quoting BMI727 (Reply 8):
That didn't quite work - and when Bush went on about WMDs that was to get (paleo) conservatives on board, not liberals. But Afghanistan does have considerable amounts of Lithium, as in Lithium ion batteries.

You may not have been born yet, but there was Iraq I which was all about oil. This led directly to Iraq II. We are in Afghanistan only because of oil as part of the War on Terror. We wold have neither if not for our oil appetite.

Quoting okie (Reply 13):
Chu won't comitt to the failure rate but it is way higher than that,

Source please.

Quoting okie (Reply 15):
It is costing $89,000+ to build a Volt. That would make the car near $100,000.00 retail. Every car that rolls off the assembly line is costing the taxpayer near sixty thousand dollars. That is eating up a lot of resources for education and health care.

Listen, I am a conservative that finds your arguments mind-numbingly embarrassing. All you are doing is parroting Rush Limbaugh. Everybody knows those numbers mean nothing in the early stages of a program.

Quoting KiwiRob (Reply 21):
Europeans aren't interested in hybrids, since they are pretty happy with diesel, hybrids are mainly for the US market.

Europe is beginning to push away from diesel. Where will the EU lead you? Electric propulsion. Get used to it.


User currently onlineBMI727 From United States of America, joined Feb 2009, 15745 posts, RR: 27
Reply 24, posted (1 year 6 months 5 days 9 hours ago) and read 1320 times:

Quoting mham001 (Reply 23):
It is not in the same class a Cruze. Is it ok if people want a little more car than an entry level compact?

It could be if you option it out right, or just buy a Verano instead. It's silly to advertise the Volt as a money saver when it really isn't.

Quoting mham001 (Reply 23):
You may not have been born yet, but there was Iraq I which was all about oil.

Otherwise we could have just let Sadaam be as much of a bully as he pleased.

Quoting mham001 (Reply 23):
We are in Afghanistan only because of oil as part of the War on Terror. We wold have neither if not for our oil appetite.

So angering Bin Laden and going down the road that led to 9/11 is our fault?

Here's the deal: I want to drive what I want to drive. I don't care about what the government, ecotards, or Al Qaeda thinks of it.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlinestasisLAX From United States of America, joined Jul 2007, 3283 posts, RR: 6
Reply 25, posted (1 year 6 months 5 days 1 hour ago) and read 1309 times:

According to "The Detroit News", Henrik Fisker said that "it would be wrong" for him to stay on as an executive with Fisker Automotive. Henrik celebrated his separation with the firm by buying a blue Fisker Karma sedan from a dealership in Santa Monica, California. He apparently paid cash for the $100,000+ USD vehicle.

The Chinese venture capital firms and Geely Automotive and Dongfeng Motor Corporation are also interested in acquiring a majority stake in Fisker. Some reports have said Fisker could move production to China - and the company would thus walk away from ANY chance of acquiring U.S. Government loans - and the planned assembly plant in Delaware will remain shuttered and empty. Should make some (shortsighted) people very happy that, instead of U.S. government loans being used on cutting edge technology, the Chinese government will gladly fund this technology instead.   

Source: http://www.detroitnews.com/article/20130315/AUTO01/303150441



"Those who would give up essential liberty to purchase temporary safety deserve neither liberty nor safety!" B.Franklin
User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7410 posts, RR: 5
Reply 26, posted (1 year 6 months 4 days 23 hours ago) and read 1300 times:

Quoting mham001 (Reply 23):
Europe is beginning to push away from diesel. Where will the EU lead you? Electric propulsion. Get used to it.

Not really, certainly not petrol hybrids, it's going to go diesel hybrid first, then probably hydrogen.


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