Fisker only accessed $190M of the loans, not the full $530MHere the Obama administration has guaranteed loans of $530 million for Fisker Automotive
Out of 2000 (not 500) cars sold, exactly two have had fires and the problem was identified and fixed very quickly.many of the five hundred gasoline-electric hybrid cars it has actually sold have ended in fiery destruction in their owners’ driveways.
No one is talking about bailing out Tesla or Fisker.The first two of these are essentially failing vanity projects of Silicon Valley billionaires that are now being bailed out by the taxpayers for no discernible reason.
Two of the three major US automakers were in fact bailed out by the US government, and what is being supported is the fledgling Electric Auto Industry, not the auto industry as a whole, and once again, there is no bailout for the EV industry.Yet unless you believe in tin-foil hat theories about Detroit buying up all the patents on magic carburetors which get a hundred miles per gallon, the last industry that needs start-up companies fostered by government is autos
Internally inconsistent. Until there are EVs on the market, the consumer can't buy it, even if they wanted to.In fact, the global automobile industry is hungry for new product markets owing to its vast overcapacity and is endowed with all of the engineering and manufacturing competence that could ever be needed to bring electric cars to market—that is, if consumers wanted to buy them.
My first quarrel with this point of view is that support for EV and a variable energy tax are not mutually exclusive and can work together synergistically. Secondly, the US Government has always supported new and promising technologies with strategic potential as an investor, customer or both. The Wright brothers' first customers were the US Military and that support continues to this day, the semiconductor industry got a huge boost from defense spending before the consumer products revolution, railroads needed government's eminent domain power to build railroads, car companies benefited greatly from interstate highways, and on and on and on. So this is hardly an aberration, but a tradition and normal practice. Of course, some technologies don't make it, but some do and we all reap the benefit of their success. I actually agree with the author's conclusion, but he takes too many liberties with facts along the way, which makes me suspect his integrity.The virtue of a high energy tax is that it harnesses the pricing mechanism silently, efficiently, and relentlessly to the task of altering behaviors throughout the nooks and crannies of the entire Main Street economy. That would be especially true if the tax were levied broadly as a variable level on petroleum imports. Using that mechanism, policy could permanently fix a minimum domestic price floor at, say, a $125 per barrel equivalent by raising or lowering the levy to capture the difference between the floor and the world price.
Yeah. Doesn't sound like Joe actually knows anything. Instead of any real insider info, he just seems to parrot Tony Posawatz's talking points. E.g., "the Karma meets the 2025 corporate average fuel economy standards today" and "they still managed to get the Karma from concept to production in just 47 months", etc. He must have been in marketing/PR.Interesting - doesn't sound like "Joe" was part of the senior management team or senior engineering team.
Seems really silly in light of Tesla success the Model S are everywhere in silicon valley these days-- Apple just had a lunch for Model S drivers and over a dozen showed up. No dozen Fisker lunch for me :-(
We know Fisker product is great the only thing missing for Fisker is decent management!
The Eco-xxx levels were to be replaced with GTe and GSe. New grill insert (patterned close to the Surf concept grille), orange calipers, lip spoiler, different badges on the decklid.I personally would love to hear more about the inner workings at FA - like what the folks internally thought of the engine noise, Command Center, efficiency (and how their expectations were so wildly off EPA reality), etc.
Would also love to hear/see the product plan for Karma 2.0 (ie 2013/2014MY) - there was a rumor that they were creating 'Sport' and 'Luxury' options for the 2014MY Karma with different trims and possibly performance differences.
OH - would also really finally like the answer to the question of whether or not we actually get the full 403hp of the electric motors (and if so, what conditions precedent are required for this max - e.g. at least 26 miles of battery range, etc).
There's nothing wrong with that as a talking point, just that that's all "Joe" had to offer. Talking points. I.e., no actual inside info. I doubt R&T asked, "So Joe, can you tell me if the Karma is able to meet 2025 fuel economy standards?" Joe volunteered that, and other Fisker PR info we've heard before.Doug what's wrong with the "Karma meets 2025 fuel economy standards today" talking point?
Probably just bad fact checking, like the 500 Karmas sold, etc."The Potemkin village aspect here lies in the fact that the Freemont plant had assembled upward of 250,000 cars per year in its salad days compared to scheduled S Model production of less than 3,000 vehicles in 2012".
"Freemont?" A typo or a clever play on words?