Fisker Automotive fires most rank-and-file employees

[ElNono]

(Reuters) - Fisker Automotive, the struggling, government-backed hybrid sports car maker, terminated most of its rank-and-file employees on Friday, in a last-ditch effort to conserve cash and stave off a potential bankruptcy filing, sources said.

http://www.reuters.com/article/2013/...9340LW20130405

[Wild Cobra]

That sucks. Any business is hard. I wonder how they would have done without battery fire and supply issues.

[boutons_deux]

We need to cut $20B from the MIC mafia to finance battery/energy storage research.

$700B/year on defense to murder foreign nationals that murdered very few, and won't murder, Americans

less than $100B/year on cancer research that kills 500K Americans every year.

yeah, America's got its straight.

[DarrinS]

I never understood their product. People that can afford 6-figures for a car, probably aren't sweating the price of gas.

[boutons_deux]

I never understood their product. People that can afford 6-figures for a car, probably aren't sweating the price of gas.

it's a luxury product, just like people who paid $140K for an H1 with 6.5L diesel. Money is not a concern, self gratification, status are.

(custom) batteries are just too damn expensive, all the other EV components seem to be well beyond acceptable, reliable engineering.

[Latarian Milton]

sucks. europe & even china are already ahead of US in alternative energy researches and the failures of such comprises will only leave us farther behind. good part of the news is that the government has taken actions to cut unnecessary spendings. in real capitalism no one should be allowed to receive any subsidy from the government in whatever form imho

[DUNCANownsKOBE]

China isn't ahead of the us in alternative energy, you can practically chew the air in china

[boutons_deux]

CHINA FACES $243BN CLIMATE FINANCE “GAP” PER YEAR BY 2020

http://www.altenergymag.com/emagazin...r-by-2020/2061

[boutons_deux]

you right wing assholes voted for Bishop Gecko, who wanted to kill all alternative energy tax credits, support, while not cutting ANY BigCarbon tax expenditures.

and yer in now?

and your beloved ALEC, VRWC player extraordinaire, is moving to kill the states' bills mandating mininum alternative energy targets.

[TDMVPDPOY]

China isn't ahead of the us in alternative energy, you can practically chew the air in china

using ur money to invest in ....

just like those fake manufacturing and production reports that come out of china, building ghosts cities being part of the equation

[exstatic]

Guess they'll just concentrate on making their scissors now.

[jag]

One of my parents' neighbors has a Karma. Those things are badass. Their business model doesn't make any sense though. Some people may buy them because they are so unique and very rare, but people who usually spend that much on a car can buy something else that is unique and rare that also has incredible performance. You dont get that performance with Fisker.

It's cool for a little while, but sooner or later youre going to sell it for a 911 Turbo or an Aston Martin DB9, cars that actually drive like $100K cars.

[Cane]

Sounds like buying a FIsker car would be an okay investment considering they'll be future collectors cars. Never seen one in person but they look like wannabe Maserati's. Hopefully some of the tech trickles down. Time to make a Top Gear special

in real capitalism no one should be allowed to receive any subsidy from the government in whatever form imho

real capitalism is fantasy talk

[boutons_deux]

in real capitalism no one should be allowed to receive any subsidy from the government in whatever form imho

the Washington-based fund on Wednesday said the cost of “pre-tax” subsidies for these products, when consumers pay less than the cost of supply, stood at about 480 billion dollars in 2011.


Further, the “post-tax” cost of these subsidies – wherein a government doesn’t charge enough to take into account the negative ramifications of energy consumption, including environmental impact – are far higher. Suggesting a figure far higher than previous estimates, the IMF puts this number at around 1.9 trillion dollars, or 2.5 percent of global GDP.


While developing countries and emerging economies account for much of the pre-tax subsidies, IMF researchers have found that developed countries make up some 40 percent of the post-tax total. The United States leads all countries in this regard, at nearly a half trillion dollars in annual subsidies, followed by Russia and China.


http://truth-out.org/news/item/15580...hange-imf-says



and those tax expenditures for BigCarbon subsidize non-stop propaganda to dupe you asshole climate deniers.

[boutons_deux]

How Mainstream Media Misled On The Success Of The Clean Energy Loan Program







DOE Loan Programs Have Higher Success Rate Than Venture Capitalists.

Richard Stuebi, venture capitalist advisor and President of NextWave Energy, asserted that typically "3 in 10 successes represents a successful [venture capital] investment strategy," as reported by CleanTechnica.

Only four loans in the DOE program had to be discontinued of 31 total ventures, or a success rate of 87 percent. [CleanTechnica, 10/21/11; U.S. Department of Energy Loan Programs Office, accessed 4/8/14]











http://mediamatters.org/research/201...-succes/198834

IOW, govt spending, investment is the 99%'s BFFA!