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

Posted by Soulskill on from the please-tell-me-it-has-lasers dept.

theodp writes "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 (PDF) include the Al Gharaffa Investment Co., a Cayman Islands corporation."

3 of 293 comments (clear)

  1. Re:Hybrid car by LordKronos · · Score: 5, Funny

    But why can't we just build hydroelectric dams or fission reactors right into the car itself? Or better yet...wind powered cars. Just think how fast a wind turbine would spin on top of a car going 80MPH. The thing would practically power itself.

  2. What's that you say??? by Slugster · · Score: 3, Funny

    Al Gore, saviour of Gaia, is going to pocket huge amounts of money in a Us government-funded foreign-business deal to build a hybrid Camaro?

    Well, color me a retarded limp-dicked tofu-eating socialist.
    I never would have guessed this would happen...
    ~

  3. Re:Hybrid car by Chris+Burke · · Score: 3, Funny

    But why can't we just build hydroelectric dams or fission reactors right into the car itself? Or better yet...wind powered cars. Just think how fast a wind turbine would spin on top of a car going 80MPH. The thing would practically power itself.

    Don't be daft.

    You have to build the hydroelectric dams into boats.

    --

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