And yet it was a terrible, terrible vehicle with numerous defects, a propensity to catch on fire, where constantly needing warranty repairs, and could be so bad that some demanded their money back. Perfect place to dump taxpayer money, eh? (this story is a bit dated, from April 18th)
(Bloomberg) Fisker Automotive Inc. spent more than six times as much U.S. taxpayer and investor money to produce each luxury plug-in car it sold than the company received from customers, according to a research report.
Fisker has spent $1.3 billion in taxpayer and venture capital money, or $660,000 for each car it sold, the report said.
Said vehicles sold for $103K. Aren’t you glad that Obama and the Democrats waste our money like this? On the bright side, they did stop the bad weather, since this January to April was the 20th coldest on record, with roughly 70% of the country being below average through April 28th.
