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Another Green Energy Company Stumbles: Fisker Announces Layoffs

ABC News -- Fisker Automotive, the maker of an exotic electric sports car that is being built with help from a $529 million federal government loan guarantee, has announced layoffs at its Delaware plant as it tries to persuade the Department of Energy to send it more public funds.

The company says 26 Fisker employees have been let go from the Delaware factory where renowned automotive engineer Henrik Fisker promised to one day begin producing affordable electric sedans. A Delaware newspaper also reported that subcontractors working on the car venture have been let go.Fisker was one of a handful of auto companies to receive sizeable federal loans to help support the birth of an electric car industry in the United States. As ABC News reported in October, Fisker's efforts have been beset by delays. A

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Submitted Feb 06, 2012 By: Nikontraveler

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Van_Halen Champion Author Atlanta Posts:1,654 Points:330,155 Joined:Apr 2011	Message Posted: Feb 7, 2012 8:32:46 AM Ignore Van_Halen Report Abuse . Doh, Nobody wants EVs and especially outrageously overly priced EVs!
jrschl Champion Author Louisville Posts:1,121 Points:317,285 Joined:Jun 2011	Message Posted: Feb 7, 2012 6:09:20 AM Ignore jrschl Report Abuse Whoever is signing off on these loans should be shot.
crestliner95 Veteran Author Illinois Posts:293 Points:111,905 Joined:May 2011	Message Posted: Feb 7, 2012 4:59:07 AM Ignore crestliner95 Report Abuse Another waste.
Night Owl Champion Author Toronto Posts:5,770 Points:1,432,625 Joined:Jul 2004	Message Posted: Feb 7, 2012 4:36:10 AM Ignore Night Owl Report Abuse Again? Every week now there's bad news with green technology supported by federal funds. [Edited by: Night Owl at 2/7/2012 10:37:04 AM EST]
Edpap Champion Author Pennsylvania Posts:1,527 Points:149,000 Joined:Oct 2011	Message Posted: Feb 7, 2012 4:08:05 AM Ignore Edpap Report Abuse Stop the funding now...If this was a good idea private investors would be lined up to buy in to this company...taxpayer dollars do not belong in private companies.
Norm10 Champion Author British Columbia Posts:1,828 Points:89,545 Joined:Dec 2010	Message Posted: Feb 7, 2012 4:00:06 AM Ignore Norm10 Report Abuse No surprises here!
chemist74 Champion Author Cleveland Posts:12,887 Points:2,276,850 Joined:Apr 2005	Message Posted: Feb 7, 2012 2:31:04 AM Ignore chemist74 Report Abuse By definition, a copmany the requires government money to exist does not make economic sense. The 26 employees were really getting disguised welfare, not a salary.
Evilmaddog Champion Author British Columbia Posts:1,444 Points:594,505 Joined:Aug 2010	Message Posted: Feb 7, 2012 2:04:19 AM Ignore Evilmaddog Report Abuse send me the money
ClarkSC Champion Author South Carolina Posts:1,247 Points:647,045 Joined:May 2010	Message Posted: Feb 7, 2012 1:46:13 AM Ignore ClarkSC Report Abuse Here we go again, Obama.
el_fr Champion Author Massachusetts Posts:1,504 Points:381,275 Joined:Apr 2011	Message Posted: Feb 7, 2012 1:28:20 AM Ignore el_fr Report Abuse Yup,more of our money down the drain.
doeslayersr Champion Author Illinois Posts:5,804 Points:508,150 Joined:Dec 2010	Message Posted: Feb 7, 2012 12:43:40 AM Ignore doeslayersr Report Abuse More US Tax payer money down the socialist crapper.
FPLREP Champion Author Virginia Posts:6,359 Points:2,087,540 Joined:Oct 2005	Message Posted: Feb 7, 2012 12:39:51 AM Ignore FPLREP Report Abuse Sort of like giving a teenager a new car. They won't take proper care of it because they didn't have to earn it.
NGC4565 Champion Author Reading Posts:1,924 Points:385,365 Joined:Mar 2011	Message Posted: Feb 7, 2012 12:28:00 AM Ignore NGC4565 Report Abuse Ah yes, Fisker. This is the company that took US taxpayer funds to go build electric vehicles in Finland. Are they laying anyone off in Finland? Hopefully we will soon see a concise summary of just how much of our money has been squandered on all of these "green" boondoggles. People see a Solyndra here and there, but most have no idea of the bigger picture of this colossal failure.
tgusa Champion Author Virginia Beach Posts:1,706 Points:289,165 Joined:Jun 2006	Message Posted: Feb 6, 2012 11:18:49 PM Ignore tgusa Report Abuse another gummint failure
bullet226 Champion Author Toronto Posts:2,674 Points:526,915 Joined:Nov 2010	Message Posted: Feb 6, 2012 11:04:47 PM Ignore bullet226 Report Abuse What a surprise
Yooperheart Champion Author Michigan Posts:1,360 Points:163,190 Joined:Feb 2010	Message Posted: Feb 6, 2012 11:01:09 PM Ignore Yooperheart Report Abuse Noooo not another stimulus plan going down the flusher..... I was looking forward to a plan to bail out Washington.
Amplion Champion Author Oregon Posts:4,794 Points:1,500,520 Joined:Sep 2005	Message Posted: Feb 6, 2012 10:18:18 PM Ignore Amplion Report Abuse LONG LIVE THE STRAIGHT SIX RWD !!!!!!!
Amplion Champion Author Oregon Posts:4,794 Points:1,500,520 Joined:Sep 2005	Message Posted: Feb 6, 2012 10:16:17 PM Ignore Amplion Report Abuse I thought they built the Scissor !!! OBOZO'S CRONIES are dropping like flies in front of a can of RAID !!!
wendy1john32 Champion Author Los Angeles Posts:1,242 Points:756,170 Joined:Jul 2009	Message Posted: Feb 6, 2012 9:55:37 PM Ignore wendy1john32 Report Abuse They don't care what they waste.
SBlouch Champion Author San Antonio Posts:7,341 Points:1,561,555 Joined:Apr 2007	Message Posted: Feb 6, 2012 8:29:28 PM Ignore SBlouch Report Abuse Here we go again. Losing taxpayer money which the Federal Government handed out millions of money given out by Obama's administration to produce electric cars. Fisker should never have been given OUR money to manufacture EXOTIC electric SPORTS cars which only the RICH can afford. I am so tired of the changes Obama has made that he needs to be a ONE time president as we can not afford another 4 years of his changes.
djgunrunner Champion Author Salt Lake City Posts:8,138 Points:1,988,620 Joined:Apr 2005	Message Posted: Feb 6, 2012 8:27:51 PM Ignore djgunrunner Report Abuse Well that puts obama down for over a billion dollars. If he would quit wasting money we could have support for Natural Gas and that will work. To bad he is against what will work for America.
Jeff4U Champion Author Atlanta Posts:6,546 Points:1,488,245 Joined:Nov 2004	Message Posted: Feb 6, 2012 7:58:26 PM Ignore Jeff4U Report Abuse Right edgarCA ... falling sales and bankruptcies couldn't have anything to do with the facts or product demand. It surely must be a conspiracy theory instead. It's probably Bush's fault, right? [Edited by: Jeff4U at 2/7/2012 2:00:00 AM EST]
edgarCA Champion Author Oakland Posts:1,536 Points:232,670 Joined:Jun 2009	Message Posted: Feb 6, 2012 7:50:15 PM Ignore edgarCA Report Abuse Pro-Petroleum bias article attempting to destroy (electric vehicle manufacturers) competition.
Caduceus26 Champion Author Jacksonville Posts:1,965 Points:397,535 Joined:May 2009	Message Posted: Feb 6, 2012 7:26:13 PM Ignore Caduceus26 Report Abuse What is the point of these stories? To embarrass the Administration and politicize the efforts to get this country off the oil "ti*".
RNCII Champion Author Michigan Posts:1,780 Points:330,090 Joined:Jun 2011	Message Posted: Feb 6, 2012 7:16:01 PM Ignore RNCII Report Abuse Hear another flush of the Obama tax payer toilet. Such a waste of our tax dollars. I at least hope they wiped before they flushed away our money on another green failure. NoBama 2012
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Feb 6, 2012 7:04:46 PM Ignore runout9 Report Abuse All of these leftist green utopian pipe dreams continue to become expensive nightmares.
comprof Champion Author Houston Posts:4,918 Points:998,205 Joined:Jul 2009	Message Posted: Feb 6, 2012 7:02:17 PM Ignore comprof Report Abuse Obama's folly. He threw away billions of taxpayer money.
Ahking Champion Author Orange County Posts:1,991 Points:326,175 Joined:May 2011	Message Posted: Feb 6, 2012 6:53:43 PM Ignore Ahking Report Abuse Wasn't there a lot of complaints about China's subsidies to their solar panel industry caused some of the U.S. solar companies to fail? Other countries are probably doing the same on their new technology industries including electric cars. Do we want our future generatons to import more in the future because we did not try enough?
anascom All-Star Author Hamilton Posts:871 Points:317,315 Joined:Feb 2011	Message Posted: Feb 6, 2012 6:41:16 PM Ignore anascom Report Abuse that's sad for the job market!
kx250 Champion Author Michigan Posts:1,406 Points:767,925 Joined:Oct 2008	Message Posted: Feb 6, 2012 6:27:23 PM Ignore kx250 Report Abuse I'll bet they thought utopia could be attained if they just threw enough money at it. It is, after all, the best kind of money, the kind taken in ever increasing doses from the producing class, taxpayer obligated money. Just like all the other liberal tenets, throwing money at it, no matter how much, hasn't solved any problems, only made them worse.
1WI Rookie Author Appleton Posts:99 Points:102,885 Joined:Jan 2012	Message Posted: Feb 6, 2012 6:26:02 PM Ignore 1WI Report Abuse Ok
min_fuel Champion Author Philadelphia Posts:1,820 Points:654,545 Joined:Jan 2008	Message Posted: Feb 6, 2012 6:24:46 PM Ignore min_fuel Report Abuse Let the free market work! Obama's Socialist Central Planing has not worked. Dump Obama!
wrunner Champion Author Virginia Posts:2,525 Points:773,240 Joined:Dec 2009	Message Posted: Feb 6, 2012 6:18:57 PM Ignore wrunner Report Abuse Another one bites the dust!
Vetteblu Champion Author Denver Posts:1,637 Points:465,865 Joined:Oct 2010	Message Posted: Feb 6, 2012 6:16:04 PM Ignore Vetteblu Report Abuse The oil companies always win.
JohnofGB Champion Author Flint Posts:3,597 Points:734,120 Joined:Feb 2010	Message Posted: Feb 6, 2012 6:06:32 PM Ignore JohnofGB Report Abuse Another waste of taxpayer dollars by Obama. When does lunacy stop??? Obama needs to be a one term president.
livable1 Champion Author New York Posts:2,323 Points:283,265 Joined:Oct 2008	Message Posted: Feb 6, 2012 5:45:03 PM Ignore livable1 Report Abuse Oh boy!
fedupMN Champion Author Twin Cities Posts:1,417 Points:279,885 Joined:Mar 2011	Message Posted: Feb 6, 2012 5:25:41 PM Ignore fedupMN Report Abuse not good
humblepie Champion Author Toledo Posts:17,240 Points:2,007,270 Joined:Mar 2006	Message Posted: Feb 6, 2012 5:23:19 PM Ignore humblepie Report Abuse obamanomics are working as planned
txkrb All-Star Author Texas Posts:854 Points:311,860 Joined:May 2011	Message Posted: Feb 6, 2012 5:22:44 PM Ignore txkrb Report Abuse How many of these "green" companies, that took federal hand outs or loan guarantees, does this make that have filed for bankruptcy or let employees go More wasted taxpayers money Did the investors and/or management of all of them make donations etc to obama [Edited by: txkrb at 2/6/2012 11:23:23 PM EST]
lesndave Champion Author Texas Posts:1,236 Points:339,055 Joined:May 2011	Message Posted: Feb 6, 2012 5:22:33 PM Ignore lesndave Report Abuse STOP IT!!!!!!!
LilRedWagonIN Champion Author Indiana Posts:5,932 Points:1,204,575 Joined:Oct 2008	Message Posted: Feb 6, 2012 5:18:11 PM Ignore LilRedWagonIN Report Abuse Where have we heard this before? A government loan guarantee, followed by layoffs, bankruptcy, and missing funds. Gotta get a billion dollars for the re-election campaign from somewhere!
MidNJ Champion Author New Jersey Posts:5,460 Points:840,090 Joined:Sep 2009	Message Posted: Feb 6, 2012 5:05:28 PM Ignore MidNJ Report Abuse Drpepper, I agree, "This needs to stop"!!! How dare the "Liberal Media" promote this. It needs to stop!!!
drpepperTX Champion Author Texas Posts:4,901 Points:391,280 Joined:Apr 2011	Message Posted: Feb 6, 2012 4:50:01 PM Ignore drpepperTX Report Abuse This needs to stop.
toadNY Champion Author Albany Posts:5,117 Points:1,149,350 Joined:Apr 2008	Message Posted: Feb 6, 2012 4:42:52 PM Ignore toadNY Report Abuse Enough public funds. Half a Billion plus here an there all Adds UP to trillions.