29 Apr '13, 8pm

Bob Lutz: GM deserved federal money, but Fisker, well, who knows?

Bob Lutz: GM deserved federal money, but Fisker, well, who knows?

about a US Department of Energy loan to Fisker Automotive , Bob Lutz wrote a column pondering what should be done to stop the financial hemorrhaging at the company that builds – well, used to build – the Karma extended-range sports car. When Lutz was vice chairman at General Motors, a federal bailout kept that company's factories open and helped bring the Chevrolet Volt to market. So, should the same sort of logic be applied here and Fisker given access to more money? Lutz wrote, "After all, the feds bailed out GM! What's the difference? Ah, there is one! GM was a product powerhouse, preparing the best line of cars and trucks in the last 50 years." Lutz had good things to say about the Fisker Karma plug-in hybrid itself, calling it "quite possibly the most beautiful four-door sedan ever" and that the powertrain technology was ground-breaking (while acknowledging that it is...

Full article: http://green.autoblog.com/2013/04/29/bob-lutz-gm-deserved...

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