Sun, 27 Sep 2009

$529M Gov't Loan To Develop $89,000 Hybrid Sports Car

I'm shocked, shocked I say, to discover that "green" stimulus money is going to political cronies based offshore. Shocked.

Meet the new boss, same as the old boss. We got fooled again.

The WSJ reports that a tiny car company backed by former VP Al Gore has just gotten a $529M US government loan to help build an $89,000 hybrid sports car in Finland. The award this week to California startup Fisker Automotive follows an earlier $465M government loan to Tesla Motors, purveyors of a $109,000 British-built electric Roadster. Fisker's other investors include the Al Gharaffa Investment Co., a Cayman Islands corporation.

(link) [Slashdot]

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