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Fisker is not another Solyndra ... yet

CNN Money -- When Fisker Automotive announced it was laying off about two dozen workers at its Delaware factory, comparisons arose to Solyndra, the solar cell manufacturer that went bankrupt despite billions of dollars in U.S. government help.

Yes, the California based electric car maker and Solyndra both got a lot of government assistance, but analysts say those comparisons are unfair and premature.

The DOE had agreed to lend Fisker $529 million, and the carmaker had gotten $193 million of that before funding was cut off in May.

The company said it was cut off because it failed to meet production milestones for the Karma, a luxurious "range extended electric car," similar in nature to the less opulent Chevrolet Volt. But production is now underway and the Karma is on sale with prices starting ...

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Submitted Feb 08, 2012 By: BurntOrange

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chemist74 Champion Author Cleveland Posts:12,907 Points:2,280,850 Joined:Apr 2005	Message Posted: Feb 9, 2012 9:04:25 AM Ignore chemist74 Report Abuse The last thing the government should be giving loans foris luxury cars.
rbrk02 Champion Author Rhode Island Posts:3,039 Points:457,130 Joined:Jan 2011	Message Posted: Feb 9, 2012 8:13:40 AM Ignore rbrk02 Report Abuse More tax payer dollars continue to be wasted. We never learn because we are beholden to the concept of a 'green' utopia that will not come this way. We cannot force success for these companies. If there is a viable breakthrough, then market demand will support it. The tax payer should not be forced to gamble until one of these 'projects' succeeds. JamesCalvin, Great comment!
Grizdad Champion Author San Bernardino Posts:3,279 Points:504,220 Joined:Oct 2010	Message Posted: Feb 9, 2012 7:03:27 AM Ignore Grizdad Report Abuse Geez. Really? When will the madness stop?
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Feb 8, 2012 8:24:28 PM Ignore db60 Report Abuse In time.
TruthMatters All-Star Author New Jersey Posts:938 Points:202,595 Joined:Oct 2011	Message Posted: Feb 8, 2012 10:24:01 AM Ignore TruthMatters Report Abuse Let's hope for our sakes it won't be. Too expensive for the average Joe, even the "more affordable" Nina.
Buckeyee Champion Author Maine Posts:2,432 Points:558,855 Joined:May 2010	Message Posted: Feb 8, 2012 10:11:35 AM Ignore Buckeyee Report Abuse How many out of work people can afford a luxurious electric car ? answer : NONE It's your tax money being waisted.
doctorindyj Champion Author Santa Fe Posts:2,266 Points:510,405 Joined:Nov 2009	Message Posted: Feb 8, 2012 9:48:48 AM Ignore doctorindyj Report Abuse "for the Karma, a luxurious range extended electric car," That tells you all you need to know. Luxurious as in 'not for you'. For a bunch of eco-guilted people with more money than common sense. The kind that George Carlin talked about in his routine about 'saving the planet'.
Van_Halen Champion Author Atlanta Posts:1,675 Points:334,155 Joined:Apr 2011	Message Posted: Feb 8, 2012 8:57:11 AM Ignore Van_Halen Report Abuse . Its already worse then Solyndra! Why is the DOE loaning money to a foreign company in the first place?! Secondly, where did the DOE get the authority to loan Tax Payer money in the first place? The DOE was illegally created during the Carter Administration and needs to be defunded and closed!
JamesCalvin Champion Author Lancaster Posts:1,270 Points:163,800 Joined:Nov 2011	Message Posted: Feb 8, 2012 8:36:13 AM Ignore JamesCalvin Report Abuse Necessity is the Mother of invention. We farmers know that when you help a chick to hatch by helping to pick the cracking egg shell loose, the new chick does not gain enough strength to live! Same with too much government money at the beginning! Farmers all could have predicted Solyndra's collapse! Maybe not! Not all modern farmers are real farmers! [Edited by: JamesCalvin at 2/8/2012 9:38:00 AM EST]
MontanaMac Champion Author Washington Posts:1,088 Points:279,975 Joined:May 2011	Message Posted: Feb 8, 2012 8:19:23 AM Ignore MontanaMac Report Abuse Give it time.
GingoutMD Champion Author Maryland Posts:2,674 Points:547,430 Joined:Jan 2010	Message Posted: Feb 8, 2012 8:11:53 AM Ignore GingoutMD Report Abuse A car company for the few who can afford their products, but not the masses. The only up-side is that the technology they dEVelop may help other companies who want to try their hand in the EV business.
jrschl Champion Author Louisville Posts:1,142 Points:321,585 Joined:Jun 2011	Message Posted: Feb 8, 2012 8:08:53 AM Ignore jrschl Report Abuse Just a matter of time. Time reveals everything.
Evilmaddog Champion Author British Columbia Posts:1,465 Points:598,505 Joined:Aug 2010	Message Posted: Feb 8, 2012 6:57:44 AM Ignore Evilmaddog Report Abuse Only politicians and crazy actors can afford one
amoshins All-Star Author Trenton Posts:962 Points:312,855 Joined:Apr 2011	Message Posted: Feb 8, 2012 6:46:54 AM Ignore amoshins Report Abuse Can't wait to buy one, at $103K ?????
Tigercat88 Champion Author North Carolina Posts:1,375 Points:257,740 Joined:Jul 2011	Message Posted: Feb 8, 2012 6:45:49 AM Ignore Tigercat88 Report Abuse Cut them off NOW! No more of our tax dollars going down another rat hole.