Fisker Automotive Secures $115.3 million Funding for Plug-in Hybrids

Link (http://www.allcarselectric.com/blog/1041655_fisker-automotive-secures-115-3-million-funding-for-plug-in-hybrids)

Seems like the government loans were contingent upon Fisker Automotive receiving additional private funding, which they now have, some from A123 as a bonus.

Yes, does it count that a lot of that money they're considering "private" is actually public money given to private companies which is now given to Fisker so that they can get more public money so that the private investor can make money off their investment which was actually a public investment in the first place?

Makes about as much sense as taxing the banking system for the bail out money we gave them or taxing heath care to lower the cost.

Yes, does it count that a lot of that money they're considering "private" is actually public money given to private companies which is now given to Fisker so that they can get more public money so that the private investor can make money off their investment which was actually a public investment in the first place?
I am sure A123 gave the money from IPO, not the government aid.

I am sure A123 gave the money from IPO, not the government aid.

Moreover, any loans will be repaid with interest. Even grants generate taxes through sales and salaries.

Moreover, any loans will be repaid with interest. Even grants generate taxes through sales and salaries.

The DoE stimulus money was a "grant", meaning it doesn't have to be paid back. Likewise the State of Michigan's aid was "Tax Credit", meaning nothing will be paid back.

The DoE stimulus money was a "grant", meaning it doesn't have to be paid back. Likewise the State of Michigan's aid was "Tax Credit", meaning nothing will be paid back.


Even grant generate tax revenue through purchase, sales and salaries.

The government should seed an economy, which is intended to lead to future tax revenue or security benefits.

I think its really awesome that Fisker got $115.3 Million in private money so that they can get access to $528.7 Million of taxpayer money to develop the Karma, a rich mans plaything.

I'd like to see Fisker manufacture a Serial Plug-In Hybrid family car...I wonder how many more hundreds of millions of dollars of taxpayer money that would take.

Fisker will never repay any of the taxpayers money as no one is going to buy the Karma, thus, there will be no subsequent Fisker models coming off the assembly line, thus no sales, thus no profit, thus no repayment.

_-=

...as no one is going to buy the Karma...


Why is that? I heard the same arguments about the Tesla Roadster. Those people turned out to be wrong.

Build the high-end reputation and then use that in your main market product. What's wrong with that strategy again?

The Karma will be the first high-end EV with the same convenience of a normal car (has a generator and thus unlimited range, not like the toy Tesla).

If they can get the Karma out and it's of good quality, it will sell great. They can then use that technology and reputation base to make your family model and pay off their loans. Brilliant!

According to the Bright Hub Article (http://www.brighthub.com/environment/renewable-energy/articles/18904.aspx) the Karma will have a base price of $87,900.

At almost $90,000 this thing will sell like hot cakes.

The Karma will be as popular as the Volkswagen Beetle or the Toyota Corolla.

I think its really awesome that Fisker got $115.3 Million in private money so that they can get access to $528.7 Million of taxpayer money to develop the Karma, a rich mans plaything.

I'd like to see Fisker manufacture a Serial Plug-In Hybrid family car...I wonder how many more hundreds of millions of dollars of taxpayer money that would take.

Fisker will never repay any of the taxpayers money as no one is going to buy the Karma, thus, there will be no subsequent Fisker models coming off the assembly line, thus no sales, thus no profit, thus no repayment.

_-=

Fisker is developing a family sedan called the Nina to be produced at a former Saturn plant in Delaware. New techs often enter the market at the high end, to ensure profits at low initial volumes, then increase production as they move down market.