US Taxpayers "Fiskered" Out Of $500 Million
Posted: Thu Oct 20, 2011 4:27 pm
http://jalopnik.com/5851735/how-fisker- ... onomy-flop
Solyndra on wheels, anyone?How Fisker got $500 million in government loans for a fuel economy flop
When Fisker Automotive won heaps of praise from Vice President Joe Biden and a $529 million loan from the U.S. government, officials touted the Karma luxury sedan as getting up to 100 miles a gallon, going 50 miles on a full battery charge and offering "supercar" performance. None of those targets were met — but Fisker's moving ahead, your tax dollars in hand.
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