Skip to content

US: How to sell an electric car for $100,000?

April 20, 2013

Make it for $650,000.

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.

The Anaheim, California-based company made about 2,500 of its $103,000 Karmas before halting production last year, disrupting its plans to use a $529 million U.S. loan to restart a shuttered Delaware factory owned by the predecessor of General Motors Co. (GM) The Karma was assembled in Finland.

Fisker was allowed to keep using money from its Energy Department loan after violating its terms multiple times…

Bloomberg

Because it’s only the poor bloody taxpayer, innit?

Advertisements

Comments are closed.

%d bloggers like this: