28 Apr '12, 8pm

Fisker's DOE loan is new right-wing political target of 'wasteful spending'

Fisker's DOE loan is new right-wing political target of 'wasteful spending'

Is conservative ire at plug-in cars shifting (slowly ) from the Chevrolet Volt to Fisker Automotive ? A new attack ad targeting President Obama certainly brings the California-based automaker further into the political fight – following Fisker ex-chair's comments about Mitt Romney – by making insinuations that the DOE is spending money to create jobs in Finland. As regular readers know, this isn't true, even though there is a connection between Fisker and Finland because that's where Valmet builds the company's Karma model. The DOE did approve a $529-million loan to Fisker, but hasn't given the company all of the money and the money that was spent on the Karma was for engineering and design work done in the U.S., Fisker said. Released Thursday, the ad conflates these facts, as you can see down below . The DOE responded charitably, saying critics "are misunderstanding the l...

Full article: http://green.autoblog.com/2012/04/28/fisker-gets-drawn-in...

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