October 21, 2011

Fisker Responds To ABCNews Story
— Ace

I missed some of this, or ABCNews did. Some of this is semi-important context.

First up, Fisker says "only" $169 million went for the Fisker Karma, being built in Finland. "Only" $169 million went to designing this car (and, they say, designing the tools to build it).

The larger part of their loan is supposed to go towards building a more mass-market vehicle, the Nina, which they claim will be built in Delaware, just as Biden had hoped. Sometime in 2013.

Eh. I don't know why we should be spending $169 million to design a luxe gas-hybrid for the very rich.

As for the mass-market vehicle: I am doubtful about this. I don't know much about cars, but I know this: Mass market vehicles are the province of the big auto manufacturers, because they are engineered to the penny. To keep costs down, they attempt to save, seriously, a nickle, dime, or quarter here and there in the design.

That kind of expensive engineering is really only justified when you're going to make tens of thousands of units, and price -- even a couple of hundred dollars' difference -- is a driving consideration for buyers.

Small companies tend to produce more expensive, higher-end vehicles. Because they're going to have inefficiencies, and they're not going to be engineered to the penny, and so cars they produce can't really compete on a price basis.

I'm thinking of, like, the DeLorean. Which was a failure. But imagine if DeLorean tried to make a Ford Escort competitor. Forget it. He wouldn't even have tried.

Why are we, the taxpayer, spending money on Fisker's engineering when we have multiple big automakers already doing that sort of thing? And do we have any confidence that a start-up will be successful in this venture?

And why are we giving a subsidy to high-end cars in the first place? If, absent our loan guarantees, the Fisker Karma would have cost $200,000 per vehicle -- What do we care? Leonardo DiCaprio is not price sensitive, is he?

I don't think any of this is going to work. The big auto makers make these cars at a loss. They do it because they sort of have to -- PR crap -- and the losses are hidden among their multibillion-dollar general operating costs.

But a couple of start-ups making only these sorts of high-expense, low-actual-performance, eco-prestige cars? Where do the losses get hidden in the budget when there's nothing to the budget except the losses?

Oh right -- it gets hidden in the US government budget.

If the big automakers want (or feel they need to) piss millions away on these cars, fine. The American taxpayer should not be drafted into subsidizing someone else's car.


Thanks to AndyU.

Posted by: Ace at 10:40 AM | Comments (150)
Post contains 467 words, total size 3 kb.

1 Everyone knows a business cannot get off the ground without copious government assistance. 

Posted by: Osama bin Truck Monkey, TEArrorist Son of a Bitch at October 21, 2011 10:42 AM (jucos)

2 How odd that no private investor wanted to bet on an auto startup succeeding in the US mass market while manufacturing in that Center Of Industry, Delaware. I mean, this is a sure thing, right?

Posted by: t-bird at October 21, 2011 10:43 AM (FcR7P)

3 Barack Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:43 AM (8y9MW)

4 Why are we, the taxpayer, spending money on Fisker's engineering when we have multiple big automakers already doing that sort of thing?

It enhances Democrat donations silly. It is pure corruption just like Al Gore's no controlling authority BS.

Posted by: Vic at October 21, 2011 10:43 AM (YdQQY)

5 Ace - you keep saying we "spent" such and such million.  Have we?

Did we loan the money directly?  Or, has the money been loaned by a private lender and we are simply guaranteeing those loans.

That's bad enough.. yeah.  But what funds has the US actually expended?

Posted by: Chi-Town Jerry at October 21, 2011 10:44 AM (f9c2L)

6
It was a good bet.

Posted by: soothsayer at October 21, 2011 10:45 AM (G/zuv)

7 Uh, anyone know if Fisker is relatively honest or if his promises are just like SCOAMF's promises, pre-packaged with an expiration date?

I don't know about Fisker specifically, but apparently the Democrats are tied to Fisker at the hip, too: that is, it's "owned" mostly by Democrats and Democrat donors- including, I believe, some in the Administration (or with close ties to it).  So take that as the first piece of evidence when examining Fisker's "character."

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:45 AM (8y9MW)

8 Is Fisker going to build at the old Chrysler Plant in Newark? 

Posted by: Osama bin Truck Monkey, TEArrorist Son of a Bitch at October 21, 2011 10:45 AM (jucos)

9 I'm pawtial to the Ford Four Lane, if you know what I mean...(twink, wink)...

Posted by: Bawney Fwank at October 21, 2011 10:45 AM (u/RSM)

10 Hope they're thinking of using that defunct diner (Kate's Diner?) for a showroom.

Posted by: t-bird at October 21, 2011 10:45 AM (FcR7P)

11 I'm trying real hard to have the "appropriate" reaction.  Alas, I'm just not surprised about this shit anymore.

12.5 months .... 12.5 months ... 12.5 months



ad infinitum, ad nauseum

Posted by: eastvalleyphx at October 21, 2011 10:46 AM (qiOph)

12 We have close to 10 auto manufacturers building in the US, more selling. Definitely not a money laundering scheme.

Posted by: fluffy at October 21, 2011 10:46 AM (3SvjA)

13

When I think of Fisker, I think of SCISSORING!!!ELEVENTY

 

 

Posted by: Rosie O'Donnell at October 21, 2011 10:46 AM (u/RSM)

14 Did we loan the money directly?  Or, has the money been loaned by a private lender and we are simply guaranteeing those loans.

I believe it was government guaranteed loans.  That's what I heard on the radio this morning, anyway.

But what difference does it make if it was a direct payment or loan guarantees when the whole thing goes down the drains?  We'll be out the money either way.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:47 AM (8y9MW)

15 Well at least they are celebrating Christopher Columbus.

The next models will be the Pinta and the Santa Maria?

Posted by: Buzzsaw at October 21, 2011 10:47 AM (tf9Ne)

16 Follow the money.

Posted by: Roy at October 21, 2011 10:47 AM (bm4vI)

17

Hope they're thinking of using that defunct diner (Kate's Diner?) for a showroom.

 

It's Katie's Diner you bitter clinging fool!  Best chicken pot pie in the tri-state area!

Posted by: Sheriff Joe at October 21, 2011 10:47 AM (u/RSM)

18

When I think of Fisker, I think of SCISSORING!!!ELEVENTY

 

 

Posted by: Rosie O'Donnell at October 21, 2011 02:46 PM (u/RSM)

Oh good!  When?

Posted by: Rosies Meaty Piss Flaps at October 21, 2011 10:48 AM (jucos)

19

The only way it makes any sense is as a money-laundering scheme.

Posted by: Wm T Sherman at October 21, 2011 10:48 AM (w41GQ)

20 Ford Fairway?
Ford Fairshare?

Posted by: Barack Obama at October 21, 2011 10:48 AM (oijXY)

21 Posted by: eastvalleyphx at October 21, 2011 02:46 PM (qiOph)

To quote Instipundit: "Faster, please."

We have close to 10 auto manufacturers building in the US, more selling. Definitely not a money laundering scheme.

I love their line that they couldn't find any place in the states that was "capable" of manufacturing the car.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:48 AM (8y9MW)

22 But what difference does it make if it was a direct payment or loan guarantees when the whole thing goes down the drains?  We'll be out the money either way.
Posted by: AllenG
.........
I agree.. and this is a highly speculative endeavor.. and likely to fail.  But, I just wanted to keep the facts straight.


Posted by: Chi-Town Jerry at October 21, 2011 10:49 AM (f9c2L)

23 It's not like it's real money anyway. 

Posted by: Presnit Training Pants at October 21, 2011 10:49 AM (jucos)

24

When I heard "plug-in," my interest perked up immediately.

Posted by: Fightin' Joe Biden at October 21, 2011 10:49 AM (w41GQ)

25 The complaining around here on this issue is appalling. President Obama is doing his best to confront the new energy reality we face as a nation. Of course the big automakers are not going to do this stuff because all they care about is profit and breaking the unions. At least this type of government action helps show the way of the future and this is critical because far too many people in this country are simply burying their heads in the sand on this issue just like the commenters at this blog. Complain about something that Obama has really done wrong, but you should applaud his visionary leadership on this issue. Not everything has to be so partisan.

Posted by: Thoughtful Voter at October 21, 2011 10:49 AM (Xm1aB)

26 If the Nina turns out to be golf carts, we'll know we've been had.

Posted by: t-bird at October 21, 2011 10:50 AM (FcR7P)

27

Ahem:

Chevy can't sell the Volt at $40K-ish.  If the "Nina" (what the hell?) is around the same price--then this is also going to be a Solyndra-esque farce.

Also, pay no attention to who the principals are here--another bunch of green energy criminals that wouldn't know a business case sans subsidies if it gave them a second Chakra release.

Posted by: Circa (Insert Year Here) at October 21, 2011 10:50 AM (B+qrE)

28

Posted by: Fightin' Joe Biden at October 21, 2011 02:49 PM (w41GQ)

You too, eh?

Posted by: Bawney Fwank at October 21, 2011 10:50 AM (w41GQ)

29

Fisted by Fisker.

Um, what kind of business would build in a high cost state like Delaware, and not in cheap Texas? The kind thats in bed with crooked Dems!

Posted by: The Schwalbe : © at October 21, 2011 10:50 AM (UU0OF)

30 Maybe Obama felt bad having Elizabeth Warren look like a clueless raving douche, so he's trying to make sure every future business does indeed depend entirely on government help.

Posted by: chazmartel at October 21, 2011 10:51 AM (wlSqE)

31 (Xm1aB)

Dave.  I just nearly fell for that sock.  You're getting too good at channeling them.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:52 AM (8y9MW)

32 Is Xm1aB Average Joe? Familiar looking hash. Way too coherent for the mental midgets we had before OWS' laptop got stolen.

Posted by: t-bird at October 21, 2011 10:52 AM (FcR7P)

33 Fiskers.  Cars for the one-percenters, baby!

Posted by: I'm in a New York state of mind at October 21, 2011 10:52 AM (4sQwu)

34 If the Nina turns out to be golf carts, we'll know we've been had.

Posted by: t-bird at October 21, 2011 02:50 PM (FcR7P)

That would be hilarious.

Posted by: Osama bin Truck Monkey, TEArrorist Son of a Bitch at October 21, 2011 10:52 AM (jucos)

35 They probably spent the $169 million on focus groups to come up with the name- Nina.

Posted by: tasker at October 21, 2011 10:52 AM (rJVPU)

36 But what difference does it make if it was a direct payment or loan guarantees when the whole thing goes down the drains?  We'll be out the money either way.

And that is exactly why we are still bailing out Fannie and Freddie.

I would like to see the Republicans pass a law making it illegal for the U.S. government to guarantee a loan of any kind, including this world bank BS.

Posted by: Vic at October 21, 2011 10:53 AM (YdQQY)

37 If the Nina turns out to be golf carts, we'll know we've been had.

Posted by: t-bird at October 21, 2011 02:50 PM (FcR7P)

That would be hilarious.

Posted by: Osama bin Truck Monkey, TEArrorist Son of a Bitch at October 21, 2011 02:52 PM (jucos)

With a "GPS Unit" that is a Sextant and a Compass.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:53 AM (8y9MW)

38 Nina-The Cheap Fisker.

Posted by: tasker at October 21, 2011 10:53 AM (rJVPU)

39 What, me?

Posted by: Dave at October 21, 2011 10:53 AM (Xm1aB)

40 I would like to see the Republicans pass a law making it illegal for the U.S. government to guarantee a loan of any kind, including this world bank BS.

I'll be in my bunk.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:54 AM (8y9MW)

41 I love their line that they couldn't find any place in the states that was "capable" of manufacturing the car.

Dude, I'm standing right here!

Posted by: Detroit at October 21, 2011 10:54 AM (YXmuI)

42 Okay, so Steve Jobs is the hero of the libs, didn't he go to a venture capitalist for capital to get out of Wozniak's parents' garage?

Posted by: nerdygirl at October 21, 2011 10:54 AM (q1/gb)

43 What, me?

Yes you.

First rule of Troll-Smashing: Check the Hash.  It's the only way to verify you're firing on a legitimate target.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:54 AM (8y9MW)

44 @49 Damn you.

Posted by: Dave at October 21, 2011 10:55 AM (Xm1aB)

45 *If* Nina is the "cheap" Fisker-what's the one that's going to cost $100,000 going to be called? Barakina? Bidena?

Posted by: tasker at October 21, 2011 10:55 AM (rJVPU)

46 Okay, so Steve Jobs is the hero of the libs, didn't he go to a venture capitalist for capital to get out of Wozniak's parents' garage?

Well, yes.  But I'm sure that's only because the neanderthal government of that era hadn't seen the computer-age light, and so wasn't guaranteeing that kind of loan.

Or something.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:56 AM (8y9MW)

47 I fiskered by wife once. Man she was pissed!

Posted by: Solomon Grundy at October 21, 2011 10:56 AM (usXZy)

48 I'm road-tripping to Louisiana this weekend for some yard sales. Anyone wanna' go along?

Posted by: Dave at October 21, 2011 10:56 AM (Xm1aB)

49 Bideta. Flush goes your taxes!

Posted by: tasker at October 21, 2011 10:57 AM (rJVPU)

50 GM has for many years used the Corvette platform to try out new technologies such as fuel injection and fiber optic lighting. These features are now common on new cars. The difference is, they had a base load of sales from older tech cars to pay the bills.
 
Fisker is doing this exactly backwards.

Posted by: GnuBreed at October 21, 2011 10:57 AM (ENKCw)

51 So $169 million went to build a car no one will buy and the rest went to a car no one will buy. Got it.

Posted by: Dr Spank at October 21, 2011 10:57 AM (L8TIZ)

52 You'd think if Mitt loves Herman this much: http://tinyurl.com/3qdr22e he'd cut his brother a check: http://tinyurl.com/6frulcx What's that line; oh yeah: useful idiot. when Mitt's showing him so much love:

Posted by: Rex the Wonder God at October 21, 2011 10:58 AM (vahvH)

53 I'm road-tripping to Louisiana this weekend for some yard sales.

Sorry.  I'm busy doing anything else.

Seriously, road-tripping for yard-sales?  Please tell me this is your wife/fiance/girl-friend's idea, and you're getting nookie out of it.

Otherwise I will have to demand your man card.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 10:58 AM (8y9MW)

54 If they really do call it a Nina, we know going in that they have no idea of how to market cars. And I'm an owner of a Jeep LIBERTY. Whoever's running the Jeep division knows how to name a car.

Posted by: nerdygirl at October 21, 2011 10:58 AM (q1/gb)

55 Why are we, the taxpayer, spending money on Fisker's engineering when we have multiple big automakers already doing that sort of thing?

Why are we, the taxpayer, spending money on Fisker's engineering when we already have two big automakers already doing that sort of thing, thanks to taxpayer money ?

Posted by: Barney Frank at October 21, 2011 10:59 AM (e8kgV)

56 Okay, so Steve Jobs is the hero of the libs, didn't he go to a venture capitalist for capital to get out of Wozniak's parents' garage?

Better: he sold his VW bus and Woz sold some stuff and together they had just enough to build their first order of Apple Is.

Imagine the OWS crowd ever doing anything of that sort.

Posted by: Ian S. at October 21, 2011 10:59 AM (tqwMN)

57 I don't think any of this is going to work. The big auto makers make these cars at a loss. They do it because they sort of have to

General Motors is a pension and health benefits provider which incidently manufactures cars at a loss

Posted by: Jeremy Clarkson at October 21, 2011 10:59 AM (Y+DPZ)

58 What Vic and General Sherman said:
this is just another way for Obama to funnel money to groups who support him.
What a cesspool of corruption.

Posted by: real joe at October 21, 2011 10:59 AM (xovnt)

59

You're really underestimating the damage we can do in November and December.

Posted by: 112th Congress at October 21, 2011 02:56 PM (Zs83Q)


Thanks guys, but I'm just as worried about what HE will do in November, December, and most of January.


Keep a fuckin lid on him, OK?

Posted by: eastvalleyphx at October 21, 2011 10:59 AM (qiOph)

60

There may not be any words, but there is a letter, which should be used multiple times in a row, followed by an ellipsis:

Fffffffffffffffffffffffffffffffff...

Posted by: Lance McCormick at October 21, 2011 10:59 AM (zgHLA)

61 @61 Joking on the story about Jindal's Law that prohibits cash transactions for second-hand goods. I had a yard sale a couple of weekends ago though. First one in over 20 years. Made some serious jack. And it was all legal here in Missouri.

Posted by: Dave at October 21, 2011 11:00 AM (Xm1aB)

62 But those Volts are just flying out of the showroom.

Posted by: nerdygirl at October 21, 2011 11:00 AM (q1/gb)

63 Let me get this straight...

Fisker claims that they couldn't build the Karma in the US because they could not find a plant that satisfied their needs or were all incapable of doing so.  Yet, they say they will build the Nina in Delaware of all places, next year. They just magically found an auto plant in Delaware that could build the Nina?  Why can't they repurpose that same plant to build the Karma? 

Posted by: EC at October 21, 2011 11:00 AM (GQ8sn)

64 I'm thinking of, like, the DeLorean. Which was a failure. But imagine if DeLorean tried to make a Ford Escort competitor. Forget it. He wouldn't even have tried. I *did* try. It was the Chevy Vega. It sucked so bad, I left to start my own company, and gave everyone the world's coolest terminally-underpowered car. You're welcome, America.

Posted by: John Delorean at October 21, 2011 11:01 AM (QQn2V)

65 Posted by: Lance McCormick at October 21, 2011 02:59 PM (zgHLA)

That's the sound of the air going out of this scheme?

Or Barney Frank in an interview?

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 11:01 AM (8y9MW)

66 What is it with the socialists? -It's always the cars and the trains.... At least they didn't cal it - The Folk-fisker.

Posted by: tasker at October 21, 2011 11:01 AM (rJVPU)

67 We like trains.

Posted by: Nazis at October 21, 2011 11:01 AM (Xm1aB)

68 Seriously, road-tripping for yard-sales? I think he's referring to the unique laws concerning legal tender coming to Louisiana.

Posted by: t-bird at October 21, 2011 11:02 AM (FcR7P)

69 I'm pretty sure Fisker promised the admin to use union workers in Delaware.  Let me see if I can find it....

Posted by: MayBee at October 21, 2011 11:02 AM (PLixr)

70 Joking on the story about Jindal's Law that prohibits cash transactions for second-hand goods.

I must have missed that one.

I had a yard sale a couple of weekends ago though. First one in over 20 years. Made some serious jack. And it was all legal here in Missouri.

We had one earlier this year, too.  Had to get rid of some stuff, and figured we might as well get some money out the bargain.  GoodWill/Salvation Army/etc. are good enough, but sometimes it's nice to get something back besides a warm feeling of gratitude.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 11:03 AM (8y9MW)

71 Wait... I think they are actually on to something- Make really sucky cars so we are forced to take - the trains.

Posted by: tasker at October 21, 2011 11:03 AM (rJVPU)

72 Our upcoming model line...

Fisker Nina SE POS
Fisker Karma GT SCoaMF

Posted by: Fisker Automotive at October 21, 2011 11:03 AM (oijXY)

73
I'm now a graduate of Andy U.

Posted by: soothsayer at October 21, 2011 11:03 AM (G/zuv)

74 69-Did Jindal actually sign off on that garbage? What on earth was he thinking?

Posted by: moki at October 21, 2011 11:03 AM (dZmFh)

75 But those Volts are just flying out of the showroom.

Posted by: nerdygirl at October 21, 2011 03:00 PM (q1/gb)

I thought they were cars.

Posted by: Osama bin Truck Monkey, TEArrorist Son of a Bitch at October 21, 2011 11:03 AM (jucos)

76 How odd that no private investor wanted to bet on an auto startup succeeding in the US mass market while manufacturing in that Center Of Industry, Delaware.

I mean, this is a sure thing, right?

What I find curious about the location is that cars are heavy, very big, and relatively fragile. Shipping becomes a big cost driver in production. Most car production in the US takes place along the line between the great lakes and the gulf of Mexico. Why would you locate a manufacturing plant right on on the Atlantic, on a peninsula? Oh that's right, Delaware is so blue you cant tell the land from the ocean. So Solyndra was in California, this mess was in Delaware; Cronyism is so obvious.

Posted by: MikeTheMoose Camellia Sinensis Operative at October 21, 2011 11:03 AM (0q2P7)

77 I'm thinking of, like, the DeLorean. Which was a failure. But imagine if DeLorean tried to make a Ford Escort competitor. Forget it. He wouldn't even have tried.

If you're gonna build a time machine into a car, why not do it with some style?

Posted by: Doc Emmett Brown at October 21, 2011 11:04 AM (QKKT0)

78 @78 We had plenty of stuff leftover that Goodwill was happy to have. They even came to the house and hauled it away (and left a tax receipt).

Posted by: Nazis at October 21, 2011 11:04 AM (Xm1aB)

79 Why can't they repurpose that same plant to build the Karma?

Because they're lying.  Any plant in America could have been retooled quite quickly to suit their needs.

I suspect they don't want to have to deal with the UAW on their first car, and are delusional enough to believe it will sell well enough to cover the higher manufacturing costs on the cheaper car.  They didn't go into a right-to-work state, because they didn't want to anger the union, either.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 11:05 AM (8y9MW)

80 We can ship 'em via Amtrak. Win-win!

Posted by: Joe Biden at October 21, 2011 11:05 AM (rJVPU)

81 @83 I believe we determined yesterday that indeed Jindal signed that POS.

Posted by: Nazis at October 21, 2011 11:05 AM (Xm1aB)

82 I love their line that they couldn't find any place in the states that was "capable" of manufacturing the car.

They couldn't get the UAW fatasses to agree to less than 50 bucks an hour and the SCOAMF wouldn't give them the slush money if they built it in a Right to Work state

Posted by: kbdabear at October 21, 2011 11:06 AM (Y+DPZ)

83 73 Posted by: Lance McCormick at October 21, 2011 02:59 PM (zgHLA)

That's the sound of the air going out of this scheme?

Or Barney Frank in an interview?

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 03:01 PM (8y9MW)

Maybe it's "ffffffffffuuuuuuuuu..."  Can't seem to find the cartoon I saw it in.  Think I saw it on an ONT a long, long time ago. 

Anyway, incoherent rage and frustration.

Posted by: Lance McCormick at October 21, 2011 11:06 AM (zgHLA)

84 @87 and 90 Nazis sock off

Posted by: Dave at October 21, 2011 11:06 AM (Xm1aB)

85 "this is just another way for Obama to funnel money to groups who support him. " In Finland yer. Not enough to take money away from us to give to Americans, he wants to redistribute to the rest of the world also.Oh, wait. Isn't that the end goal of so called "global warming". Giving our money to under-developed nations that will not use it for its intended purpose, but rather, will set up Swiss bank accounts for the ruling class.

Posted by: nerdygirl at October 21, 2011 11:06 AM (q1/gb)

86
no post on the WaPo's rebuke on Joe Biden's stupidity?

Posted by: soothsayer at October 21, 2011 11:07 AM (G/zuv)

87 I love their line that they couldn't find any place in the states that was "capable" of manufacturing the car.

Standard procedure for corrupt politicians is to disqualify the other bidders that didn't provide the bribe money.  I was privy to some of the legal fallout from equipment purchases for the Denver Airport and the corruption was hilariously transparent.

Posted by: Bob Saget at October 21, 2011 11:07 AM (SDkq3)

88 We had plenty of stuff leftover that Goodwill was happy to have. They even came to the house and hauled it away (and left a tax receipt).

Let's see... the books and videos we couldn't sell at the yard sale went to Half-Price books, for cash.  Just about everything else went to Goodwill.  Though we delivered it to them.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 11:07 AM (8y9MW)

89 OT

Why does Obama hate chicken? And why was Colonel Sanders in Libya?

Posted by: Shiggz undecided - weighing pros-cons-balls at October 21, 2011 11:07 AM (I9fXA)

90 No post on the Cardinals throwing the Rangers a bone last night on their way to a championship?

Posted by: Dave at October 21, 2011 11:07 AM (Xm1aB)

91 I suspect they don't want to have to deal with the UAW on their first car, and are delusional enough to believe it will sell well enough to cover the higher manufacturing costs on the cheaper car.  They didn't go into a right-to-work state, because they didn't want to anger the union, either.

They're even more retarded than I thought. 

Posted by: EC at October 21, 2011 11:08 AM (GQ8sn)

92 I suspect they don't want to have to deal with the UAW on their first car, and are delusional enough to believe it will sell well enough to cover the higher manufacturing costs on the cheaper car.  They didn't go into a right-to-work state, because they didn't want to anger the union, either.

Ahhhh no.
Obama already put kickbacks into Michigan in the form of auto bailouts, and handing over GM and Chrysler to the unions, he didn't have anything he owed to Michigan. This was a kickback to true blue Delaware. I'm sure this place is all union all the time.

Posted by: MikeTheMoose Camellia Sinensis Operative at October 21, 2011 11:08 AM (0q2P7)

93 70 But those Volts are just flying out of the showroom. Posted by: nerdygirl at October 21, 2011 03:00 PM

And into the airport rental lots

Posted by: kbdabear at October 21, 2011 11:08 AM (Y+DPZ)

94

Heh. Fuckem, the're New Yawkaws. Tell Mayor Cockholster about it bitches.

Posted by: Mixtli at October 21, 2011 11:09 AM (OlN4e)

95 If my calculations are correct, when this baby hits the morning news shows... you're gonna see some serious shit.

Posted by: Doc Emmett Brown at October 21, 2011 11:09 AM (QKKT0)

96 Dirty air loving republicans. Don't you understand that these electric cars will save the economy and the world. They stop rape. And they give us something constructive to do with our magically generated electricity. Do it for the Finnish children. We are betting big on WTF.

Posted by: California red at October 21, 2011 11:09 AM (DXTKe)

97  Hey, remember when we tried to build a competitor to our own Escort?  Remember the Merkur XR4TI?

Posted by: Ford at October 21, 2011 03:06 PM (Zs83Q)

At twice the cost.  I believe Mercury wanted it to be a high performance sports car.

Posted by: Osama bin Truck Monkey, TEArrorist Son of a Bitch at October 21, 2011 11:09 AM (jucos)

98 For perspective: A few of my neighbors are NBA players (the local team sets them up in my 'hood while the people who own those houses are off on the fucking Riviera and shit), and precisely one $100,000+ car has ever driven down my street. A Bentley. A.

A fucking Lotus costs half that much. The look-at-me-wastin'-my-money-est car in the world. Half.

Not even retarded multi-multi-millionaires want $100,000+ cars.

So we'll all pay for them, for them. Because fuck us.

Posted by: oblig. at October 21, 2011 11:09 AM (cePv8)

99 OT Speaking of airport rental lots, anyone else catch the story that Hertz just fired about 20 muslim employees for refusing to clock-out for prayers? Man, I wish I was on Hertz' legal team.

Posted by: Dave at October 21, 2011 11:10 AM (Xm1aB)

100 Dirty air loving republicans. Don't you understand that these electric cars will save the economy and the world. They stop rape.

It's true, normal cars run on rape.

Posted by: Al Gore's PowerPoint deck at October 21, 2011 11:10 AM (tqwMN)

101 This was a kickback to true blue Delaware. I'm sure this place is all union all the time.

Then why let the first one be built in Finland?  I agree it was a kickback to Delaware, but I they had to have some reason to build in Finland.  As others have noted, the cost of shipping is nearly prohibitive.  It's why all the Asian auto-makers now have at least one factory in the US.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 11:10 AM (8y9MW)

102 UAW announcement:

With the help of UAW lobbying efforts for advanced vehicle manufacturing and federal dollars, the plant will become a production facility for Fisker Automotive, a new American car company that plans to produce 100,000 electric hybrid vehicles per year by 2014.

“The rebirth of this idled plant is a positive and exciting step forward for this industry and a boost for the economy and for skilled automotive workers. We hope to see this happening more and more throughout the country,” said UAW President Ron Gettelfinger. He and Region 8 Director Gary Casteel joined Biden and Fisker executives for the Oct. 27 announcement.

=====

My apologies if someone has already posted that.


Posted by: MayBee at October 21, 2011 11:11 AM (PLixr)

103 I think Obama's going to go full on gardisil retard postal before he leaves office.  It's going to be scorched earth.

Posted by: Havedash at October 21, 2011 11:11 AM (sFD5n)

104 I think we have all been slipped some Gardasil.

Posted by: Cherry pi at October 21, 2011 11:11 AM (OhYCU)

105 Man, I wish I was on Hertz' legal team.

I used to know someone who is.  Well, I guess technically I still know them, but they were a client of a former employer, and I didn't take their contact information with me.

It sounds like something Hertz would do.

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 11:12 AM (8y9MW)

106 Finland also makes the Nokia cell phones.

Hope they don't get them mixed up. Would hate to see Leo dial the wrong number and make his Fisker go apeshit and plunge him off the PCH

Posted by: kbdabear at October 21, 2011 11:12 AM (Y+DPZ)

107 Hey, remember when we tried to build a competitor to our own Escort?  Remember the Merkur XR4TI?

Competition for the Escort? What kind of drugs are you on? The XR4Ti was meant as a BMW 3-series fighter.

Posted by: Waterhouse at October 21, 2011 11:12 AM (mjSSA)

108
Well, well, well.

It looks like this isn't the first time Joe Biden used "rape" to take a shot at the Republicans.

Back in March of this year Biden the Shithead said this at a Democrat fundraiser:


“When a woman got raped, blame her because she was wearing a skirt too short, she looked the wrong way or she wasn’t home in time to make the dinner.

WeÂ’ve gotten by that. But itÂ’s amazing how these Republicans, the right wing of this party – whose philosophy threw us into this God-awful hole weÂ’re in, gave us the tremendous deficit weÂ’ve inherited – that theyÂ’re  now using, now attempting to use, the very economic condition they have created to blame the victim – whether itÂ’s organized labor or ordinary middle-class working men and women. ItÂ’s bizarre. ItÂ’s bizarre.”


What's bizarre is Joe Shit-for-Brains Biden's fascination with rape analogies and fantasies.

Posted by: soothsayer at October 21, 2011 11:13 AM (G/zuv)

109 here's an idea for these dnc backed corporations...a blast from the past: Pay the CEO's $1 just like Lee Iacoca did when he went to the government for cash. No pay for execs/owners unless they turn a profit.

Posted by: joeindc44 at October 21, 2011 11:14 AM (QxSug)

110 My car can run on rape?  Does it have to be human?

Posted by: Shiggz undecided - weighing pros-cons-balls at October 21, 2011 11:14 AM (I9fXA)

111 Posted by: soothsayer at October 21, 2011 03:13 PM (G/zuv)

It's an effective way to demonize your opponent?

Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 21, 2011 11:14 AM (8y9MW)

112 Lamebrokegini

Posted by: polynikes - Texan for Romney at October 21, 2011 11:15 AM (i9cTu)

113 “The rebirth of this idled plant is a positive and exciting step forward for this industry and a boost for the economy and for skilled automotive workers.

What's a "skilled" UAW worker, one who doesn't have to be retrained after his lunch break?

Posted by: kbdabear at October 21, 2011 11:15 AM (Y+DPZ)

114 If I raped a horse would that fill up about a 20gallon tank?  How do we get the rape into the gas tank... I presume some form of Biden I mean douche nozel.

Posted by: Shiggz undecided - weighing pros-cons-balls at October 21, 2011 11:15 AM (I9fXA)

115 Fisker Automotive, a new American car company that plans to produce 100,000 electric hybrid vehicles per year by 2014. I'm taking the under on that bet.

Posted by: t-bird at October 21, 2011 11:15 AM (FcR7P)

116 Competition for the Escort? What kind of drugs are you on? The XR4Ti was meant as a BMW 3-series fighter.

Posted by: Waterhouse at October 21, 2011 03:12 PM (mjSSA)

I think that bodys were built by Karmann Coachworks in Germany.  Very ugly if memory serves me.

Posted by: Osama bin Truck Monkey, TEArrorist Son of a Bitch at October 21, 2011 11:15 AM (jucos)

117 Then why let the first one be built in Finland?

Expecting a failure. You have to understand the way liberals think about business is not the way you or I do. They knew it was going to be a flat out failure so they didn't want to put a lot of capital toward starting production on a loser.

You and I would say, "If you know this is a loser, why build it at all?" well *shut up* they explained; Building that car was a democrat political football loss or not, just like the Volt. Had to be done.

Welcome to true blue Socialism where the government does control the means of production.

Posted by: MikeTheMoose Camellia Sinensis Operative at October 21, 2011 11:16 AM (0q2P7)

118 Let's see here...

DeLorean was a piece of work, more showman than anything.   But the Vega wasn't his, it was Ed Cole's and Cole was the boss and he wanted exactly what he wanted...lots of Chevy folks saw the looming disaster ahead but none of them could do anything to stop it even if they wanted to.

Fisker's been around a while, as I said on the other thread I'm pretty sure he'd had Valmet in mind for the Karma probably from the beginning.  

As for doing anything in Delaware...we'll see. 


Posted by: JEM at October 21, 2011 11:16 AM (o+SC1)

119

What's bizarre is Joe Shit-for-Brains Biden's fascination with rape analogies and fantasies.

Posted by: soothsayer at October 21, 2011 03:13 PM (G/zuv)

Well, his audience is quite rape aware, look how the women get treated by the OWS crowd. They just tell them to take whatever greasy, stinky, disease dripping dick that is forced into them and keep their mouths shut, unless their attacker wants ass to mouth. So it is effective on the current free minds of his constituents.

Posted by: Mixtli at October 21, 2011 11:18 AM (OlN4e)

120 This is crony capitalism at its worst. It is straight up Fascism. It is morally repugnant.

Posted by: Jeffersonian at October 21, 2011 11:22 AM (oZ3AI)

121

Leonardo DiCaprio is not price sensitive, is he?

 

Does he take a private jet to get to the car?

Posted by: TheQuietMan at October 21, 2011 11:22 AM (1Jaio)

122 Fisker's been around a while, as I said on the other thread I'm pretty sure he'd had Valmet in mind for the Karma probably from the beginning.

Yeah, that was his plan well before getting the DoE loan. Avoiding a huge capital investment like a car plant makes sense for a startup. Valmet may have given Fisker a particularly sweet deal too, since the contracts they had with Porsche end next year.

Posted by: Waterhouse at October 21, 2011 11:22 AM (mjSSA)

123 The XR4Ti was a Euro-market Sierra, which Ford pushed off the production lines in Genk, Belgium in big numbers in a whole lot of different versions (2-doors, 4-doors, and wagons, 2WD and 4WD, 1.6 liter fours on up to V6s and turbo Cosworth 2-liters.)
 
The problem was that by the time Ford got done diddling with the thing for the US market it could no longer be built on the same line with the rest of the Sierras.  

So they were put together at Karmann, at much higher cost, and while the Euro-market Sierras got a bunch of improvements they were too expensive to tool and certify for the US market so the US car never got them.

Didn't help that the original 2-door was by far the ugliest of any of the Sierras.

Posted by: JEM at October 21, 2011 11:23 AM (o+SC1)

124 Question about these EV and hybrid batteries.  The Prius and Insight have been out there long enough that we should have by now starting hearing the horror stories of their owners having to buy some very expensive replacement batteries, and then there is the environmental nightmare of Lithium battery disposal.  Is the media covering it up?

Posted by: Bob Saget at October 21, 2011 11:24 AM (SDkq3)

125 @131:  Let's see, there's the black-car to the airport, and the jet to the other end, and the helicopter from there, and...

Posted by: JEM at October 21, 2011 11:27 AM (o+SC1)

126 They're tearing down that old plant in Newark. From what I've read, the University of Delaware is getting that land.

Posted by: Damn Sockpuppet at October 21, 2011 11:29 AM (dIHHd)

127 Fisker is supposed to build at the old GM plant in Wilmington.

Posted by: MayBee at October 21, 2011 11:32 AM (PLixr)

128 Nina is a damn dirty whore.

I said it.

Posted by: grognard at October 21, 2011 11:37 AM (NS2Mo)

129 By the way, here's a story on the new, electric DeLorean that supposedly will be going under production soon. No word on if it will be built in Delaware or some Scandi shithole.

Posted by: Damn Sockpuppet at October 21, 2011 11:38 AM (dIHHd)

130

All of the concerns brought up about Fisker and the Karma were fully disclosed in the business plan.

 

However, due to the innovative nature of the car, the business plan was presented to the Department of Energy in the form of an interpretive dance.  If officials didnÂ’t fully comprehend the risks while learning the birds and trees would be happy and grateful if the government gave Fisker a half billion, that is their problem.

Posted by: jwest at October 21, 2011 11:40 AM (qeYI9)

131 Well, don't get me wrong, I think the whole thing is a corrupt clusterf*ck, but the reason why you would subsidize a high-end car is the theory that the research and technology developed would be used later in more price-efficient models that the masses could afford. I hate any kind of government subsidy and I do believe the rich like DiCaprio should be the ones to pay for luxuries eventually becoming necesseties, but that is, at least, the theory behind it.

Posted by: Tommy V at October 21, 2011 11:46 AM (ik7C6)

132 I'm thinking of, like, the DeLorean. Which was a failure.

I kinda thought the trunk-load of coke was a very nice accessory.

Posted by: Iron Balls McGinty at October 21, 2011 11:46 AM (Gkhxf)

133 "71 Let me get this straight... Fisker claims that they couldn't build the Karma in the US because they could not find a plant that satisfied their needs or were all incapable of doing so. Yet, they say they will build the Nina in Delaware of all places, next year. They just magically found an auto plant in Delaware that could build the Nina? Why can't they repurpose that same plant to build the Karma?" Isn't this kind of confused thinking? I thought the idea, & it's certainly a bipartisan one given how Congress works no matter who the president is or what party's he in, is that private enterprise is way more efficient in utilizing government loan guarantees & grants & other assorted financial incentives, simply BECAUSE the decision-making apparatus in a private concern is both quick & focused. That is, if you release the beast into the free market, you get free market efficiencies - liking cutting out red tape & a keeping the enterprise focused on the goal of out-performing the competition for scare consumer dollars. The decisions you're querying are exactly in the sort that ALL private enterprises have to face, as, for example, in what resources are available to get the production lines up & running as quick as possible, so as not to get too far behind the competition during the start-up phase. So if meeting that need means going off-shore to get a component, or get some early tooling done, or even get an early model completed & out in front of the public eye, that's what you do. Not because you've got public financing backing, but because the dynamics of the free market demand you do it. If you look at even just the production components you've cited, there's lag times involved into re-tooling a plant, just as they're lag times in building one from the ground up; indeed, sometimes, for reasons having to do with the local conditions as just one example, it's actually quicker to build from scratch than to re-tool. It's okay to ask why, but if you're proposing to sit as a step-by-step watchdog on the decision-making of the private enterprise, then that kind of defeats the entire purpose of the loan guarantee program. Yeah of course you run the risk of the enterprise breaking bad, but if you don't allow it the freedom to compete, you're dooming it for exactly the same reason you did it this way to start with: burying it in government bureaucratic red tape. Now, you could just say, Fuck it, the risk's aren't worth the gamble, forget ALL forms of government financial assistance to private enterprise. But that's not realistic, is it? I mean, if every single Dem were to be defeated next year & the White House & the Senate & the House were all of a sudden in January 2013 to be 100% Republican (well, a few Dem senators aren't up for re-election in 2012, but that doesn't change the hypothetical), do you somehow think the underground government, lobbyists for private interests, are also suddenly going to pack up & leave town? No of course not; indeed, if you look at the recent past experiences where the GOP controlled all three, that actually suggests the public-private partnership concept would EXPAND and INCREASE - and DRAMATICALLY. Okay, so you'd say, No no no, this time it'll be completely different, this time we're going 100% with budget cutting & radical surgery on the federal government apparatus & full frontal austerity until Grover Nordquist's dream comes true. Well then, tell that to Richard Shelby, & not just him but pretty much every other serving Republican Senator other than maybe MAYBE Rand Paul. You shouldn't really want to get rid of these PPPs; logically, they should be the standing model, at worst the default model. Wall Street banks aren't engaging in venture capitalism anymore for the simple reason that they've all caught up to George Soros in figuring out the real big, sure thing dough is in playing the bond & currency markets with private pension funds & the assurance of a government bail-out if & whenever things go sideways. Corporations are driven by their responsibility to maximize shareholder equity to do pretty much the same or export all their costs. If the government doesn't stick with at least some forms of PPP, there ARE no American jobs, private or otherwise. Now, maybe you're a back to the woods type, & you see that as the goal; though I kind of doubt it, because then maybe you'd survive, for a while, but pretty soone we'd have an unsurvivable NATIONAL security problem, & shortly thereafter you'd be having to learn Mandarin Chinese.

Posted by: Rex the Wonder God at October 21, 2011 11:49 AM (vahvH)

134 Rex - no.

Valmet has a lot of experience building very expensive cars to the standard that BMW, Porsche, etc. buyers expect. 

The GM plant in Wilmington?  Well, you remember the Saturn L-series, right?  Just to refresh the memory, GM then took a perfectly nice Opel design and spent something like SIX YEARS figuring out how to (a) put plastic skin on it and (b) build it with UAW labor.  By the time it was introduced it was two product generations out of date, never mind that the British V6 it used had quite a reputation for engine-destroying cam-belt-tensioner failure.

So I don't at all blame Fisker for being cautious about trying to do anything in Wilmington.   It sounds like they're serving up the New England version of the political crap sandwich that Tesla's dishing out here with the ex-NUMMI plant in Fremont.

Posted by: JEM at October 21, 2011 12:01 PM (o+SC1)

135

No post on Hitlery cackling 'We came, we saw, he's dead!'

Thats the way to keep it classy Hils.

Posted by: The Schwalbe : © at October 21, 2011 12:06 PM (UU0OF)

136 I'm suspecting another SunPower like manipulation of past press releases. In the next couple of weeks it will be announced that the loan guarantee will now be DECREASED to 1.5 billion.

Posted by: landofskybluewater at October 21, 2011 12:06 PM (JoIcn)

137 I'm sorry, I don't understand how to do links on this software.
But this is from a green auto blog, about why Fisker chose DE:

"Second, the plant is about the size Fisker was looking for. Further, the plant is already set up to install GM's 2.0-liter Ecotec engine, which is what will be installed in the Karma sedan and convertible. Moving along, GM had recently upgraded the plant's paint shop, leading to the quality kind of paint jobs that Fisker is looking for. Finally, the plant has easy access to shipping lanes and a UAW workforce that will require very little training."

So they were using the UAW workforce as a supposed reason to choose that plant, but has the workforce just been sitting idle for two years?
Are they getting paid?  What was that plan?

Posted by: MayBee at October 21, 2011 12:13 PM (PLixr)

138 This is from UAW local 435, the union that would service Fisker:

Date:         February 3, 2011
  From:        John Maloney
  Subject:     President Myers and Chairman Riccio's Resignation   I want to bring everyone up to speed with what's happening with our local.  On February 1, 2011 President Myers and Shop Chairman Riccio resigned their elected offices with the Local and took salary positions with Fisker.

Posted by: MayBee at October 21, 2011 12:14 PM (PLixr)

139 MayBee hmmmm, what a kawinkydink!

Posted by: The Schwalbe : © at October 21, 2011 12:23 PM (UU0OF)

140 From Delaware online in Dec 2010:
Fisker's silence worries Delaware labor unions
Groups have not had contact with each other since the spring
......

Delaware labor leaders, once Fisker's lifeline to what the company called a prized work force, have not heard from the company in months. They have resorted to prodding state officials for updates. Regional United Auto Workers representatives also are not happy.
====
Working theory: Fisker used the promises to the UAW to get the government loans. Fisker then put plans to retool the DE plant on the backburner, focused on Finland, and hired the two top Union guys away from the union when they started asking questions about the union workers.  Genius!

Posted by: MayBee at October 21, 2011 12:33 PM (PLixr)

141 Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: steevy at October 21, 2011 12:40 PM (fyOgS)

142 149, 148 No coincidence, but neither necessarily sinister. Most union executives come there from the ranks of unionized workers, & many who leave full-time union work, for say the UAW, return to working at their old jobs or new ones that are unionized. BTW MayBee, since you didn't provide a link I went to the local's website in hopes of 'maybe' getting some insight into why you think this might be some Big Deal, but the thing doesn't have a handy SEARCH function, so 'maybe' you could post the link & spare me & 'maybe' others here 'maybe' several hours on what might be a chase after a wild goose.

Posted by: Rex the Wonder God at October 21, 2011 12:43 PM (vahvH)

143 Rex- as I said, I can't figure out how to post links. If you cut and paste what I've cut and pasted, google should easily find it for you.

If you want to know why I think it's a "big deal", you can ask! First, I didn't say it's a big deal. But second, as I said, I suspect Fisker used promises of UAW jobs to get money from the government.  Then hired the two top guys when the union members started asking why, a year and a half later, they hadn't gotten those jobs yet.

Posted by: MayBee at October 21, 2011 01:30 PM (PLixr)

144 If there were a viable market for such vehicles, I believe Ford, GM, Chrysler, Honda, Toyota, Nissan, Hundai, Kia, Fiat, VW, Audi, BMW or Mercedes would bring one to market without requiring assistance from the tax payers of this country.  Why, unless there is some dark reason, would you give or loan money to people to build something they never have, have no experience in the field and even if sucessful would compete with giants in the industry?  Wait until the UAW crushes them with labor costs.  Someone should be jailed for being stupid.

Posted by: Zelsdorf Ragshaft III at October 21, 2011 01:39 PM (+Igjh)

145 A piece in the LA Times Business section today says that the primary value of the Volt and Leaf to dealers is to get curious shoppers into the showroom where they can be steered to something might actually buy.

Posted by: epobirs at October 21, 2011 01:44 PM (kcfmt)

146 No word on if it will be built in Delaware or some Scandi shithole.

Posted by: Damn Sockpuppet at October 21, 2011 03:38 PM

 I know that Scandi is a derogatory term here, but...First off, no Finn considers themselves Scandinavian.  That would be the Norwegians and Swedes.  Second Valmet has been doing work on high end cars for Porsche, BMW, and Bentley among others for a long time.  Not exactly Detroit, which is a shithole.  And personally, I don't much care for Delaware either. 

Posted by: Deanna at October 21, 2011 02:18 PM (rtZew)

147 Thanks for sharing, please keep an update about this info. love to read it more. i like this site too much.

Posted by: The Night Eternal ePub at October 21, 2011 04:48 PM (A5Ehp)

148
You really make it seem so uderstandable with your presentation but I find this topic before really hard to understand. It seems too complicated and very broad for me.

Posted by: The Litigators epub at October 21, 2011 05:05 PM (7PCfU)

149
Wow i really found this to be an interesting read; thanks for sharing

Posted by: The Snow Angel ePub at October 21, 2011 05:19 PM (5E6Sn)

150 This is an excellent post. It is very informative. Thank you so much. I'll be a regular viewer.

Posted by: Thinking, Fast and Slow ePub at October 21, 2011 06:59 PM (ZWjFn)

Hide Comments | Add Comment | Refresh | Top

Comments are disabled. Post is locked.
152kb generated in CPU 0.1146, elapsed 0.273 seconds.
64 queries taking 0.2377 seconds, 278 records returned.
Powered by Minx 1.1.6c-pink.