09-26-2009, 05:23 PM
|
|
Banned
|
|
|
Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
|
|
Not Ranked
Gore-Backed Car Firm Gets Large U.S. Loan
Gore-Backed Car Firm Gets Large U.S. Loan
WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.
Snip........ http://online.wsj.com/article/SB1253...IDDLTopStories
____
Geez, I wonder if there is even a re-payment plan?
First, a GM hybrid at $40K and now one at $90K - sounds like a great business plan to back with tax dollars. /s |
Threaded Mode
