$529M DOE Loan Spawns $97K Made-in-Finland Cars

Posted by Soulskill on Friday October 21, 2011 @05:01AM from the mission-accomplished dept.

theodp writes "With PR successes like the Fisker Karma, does the Department of Energy need to worry about PR failures like Solyndra? ABC News and others are reporting that electric car company Fisker, which received a $529M federal loan guarantee with the approval of the Obama administration, is assembling its first line of $96,985 base-priced hybrid cars in Finland, saying it could not find a facility in the United States capable of doing the work. According to Green Car Reports, Fisker said the EPA had rated the Karma at 54 MPGe (MPG-equivalent) when running on electricity from its battery pack, and that the EPA-rated electric range would be 32 miles. Omitted from the press release was the 20-mpg rating for a Karma running on power from its range-extending gasoline engine."

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Re:The DOE loan is for the Nina by mtrachtenberg · 2011-10-21 05:24 · Score: 5, Informative

Yes, the DOE loan is for the Delaware plant. This fact is well-known: http://www.examiner.com/electric-car-in-national/fisker-automotive-grabs-529-million-from-the-doe
And that omission, soulskill, is either incompetent or dishonest.