January 24, 2014

Fiskar moving off-shore

Our tax dollars paid for the development of the Fiskar plug-in hybrid automobile. Now, it looks like it will be taken over by the Chinese. From Car and Driver:
Fisker�s Remains May Be Scattered Across the Ocean, U.S. Jobs Not Guaranteed
As two Chinese buyers fight over the remains of Fisker Automotive, the U.S. government�s blueprint for a new American-built plug-in hybrid is fading fast. Despite a Bloomberg report claiming the two bidders, Hybrid Tech Holdings and Wanxiang America, would be required to �keep manufacturing and research in the U.S.,� the Department of Energy confirmed to Car and Driver that it has no control over what the winning company does with Fisker�s assets.

�We are out of it,� a DOE spokesperson said, referring to Fisker�s management. �We�re keeping an eye on things.�
Over $200 million of our tax dollars wasted and the bones of the company are being sold off for about $0.12 on the dollar... Posted by DaveH at January 24, 2014 12:22 PM
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