WASHINGTON – Fisker Automotive, a California manufacturer of luxury electric vehicles, will receive more than $500 million in federal loans to develop a plug-in hybrid sports car with a sticker price of nearly $90,000.
(Fisker Automotive, a California Company, is backed by former VP and current environmental huckster Al Gore.)
Fisker, launched in 2007, is expected to release its first vehicle, the Karma, in the summer of 2010. The $87,900 plug-in luxury sports sedan, which has solar panels on the roof and allows motorists to drive gas-free for 50 miles (80 kilometers), will be built in Finland by Valmet Automotive.
Filed under: Auto Industry, Auto Industry Bailout, Banking, Banking Crisis, Employment, Unemployment | Tagged: Gore Auto Start Up To Build Vehicles in Finland, Help Wanted Former UAW Workers, UAW Workers Wanted, US Tax Dollars To Build Cars In Finland, US Taxpayers fund Finish auto production |