Fisker is running out of juice.

Another dumb choice by our federal government of where to spend taxpayers’ money is crashing if not yet burning. Fisker Automotive, manufacturer of an over-priced electric car, announced yesterday that it is laying off most of its employees. Fisker problems: jumpers

  • They outsourced control system design. This is the core of an electric vehicle. Outsourcing its design demonstrates that they’re in the wrong business.
  • $110,000 per vehicle MSRP
  • 40 mile range
  • 193 million dollar DOE financing
  • Their sole-source battery vendor, also govt financed, went bankrupt

These are the ingredients for a disaster. Why do we allow government lawyers (the entire Obama administration) to make investment decisions about technologies that they don’t understand? (Which is all of them.)

Visit my website: http://russbellew.com
© Russ Bellew · Fort Lauderdale, Florida, USA · phone 954 873-4695

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s