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  • More Automotive Irony

    The irony is that the car being built is dubbed the "Karma." 'Gotta love that. <GGG>

    With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland.
    We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.

    G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.

  • #2
    This sounds like start up money from taxpayers! What happened to Free Enterprise and and floating an IPO of stock!!??
    1957 Studebaker Champion 2 door. Staten Island, New York.

    "Education is not the learning of facts, but the training of the mind to think." -Albert Einstein

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    • #3
      Originally posted by BobPalma View Post
      The irony is that the car being built is dubbed the "Karma." 'Gotta love that. <GGG>

      http://abcnews.go.com/Blotter/car-co...ry?id=14770875
      Old, and misleading story:

      "But this news isn't new. In fact, it was explained by the Department of Energy (DOE) in a September 2009 press release announcing the conditional loan. According to the release, "final assembly" of the high-end Fisker Karma "will be done overseas." Indeed, Fisker had a contract to assemble the Karma in Finland before the company ever received funds from DOE. ABC failed to note this fact and the misunderstanding was compounded by other news outlets covering ABC's report.


      The loan supports design work carried out in Michigan and California for the Karma, as well as the assembly of Fisker's lower-cost hybrid, Project Nina, which will take place at a former GM factory in Wilmington, Deleware. Fisker began hiring for the Delaware plant in June. "






      More on the Delaware plant near me and the other US jobs.

      Last edited by JDP; 10-25-2011, 01:03 PM.
      JDP Maryland

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      • #4
        Regardless, any firm that got a half BILLION dollars of taxpayer money, should be ashamed at sending any jobs overseas.
        Boardroom scene:...." Gentlemen, the Finland project is going well, so next on the agenda: Let's ask the government for $500 million..."

        Just because its legal doesn't make it right.

        Do you really think the media is out to get Obama?
        63 Avanti R1 2788
        1914 Stutz Bearcat
        (George Barris replica)

        Washington State

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        • #5
          Originally posted by JBOYLE View Post
          Regardless, any firm that got a half BILLION dollars of taxpayer money, should be ashamed at sending any jobs overseas.
          Boardroom scene:...." Gentlemen, the Finland project is going well, so next on the agenda: Let's ask the government for $500 million..."

          Just because its legal doesn't make it right.

          Do you really think the media is out to get Obama?
          As was pointed out in the link, most all government guaranteed loans are given to corporations that have some plants outside the USA. In this case at least, the loan money has to be used for USA operations for the next car and US jobs designing the Karma.
          JDP Maryland

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          • #6
            Originally posted by JDP View Post
            Old, and misleading story:

            "But this news isn't new. In fact, it was explained by the Department of Energy (DOE) in a September 2009 press release announcing the conditional loan. According to the release, "final assembly" of the high-end Fisker Karma "will be done overseas." Indeed, Fisker had a contract to assemble the Karma in Finland before the company ever received funds from DOE. ABC failed to note this fact and the misunderstanding was compounded by other news outlets covering ABC's report.


            The loan supports design work carried out in Michigan and California for the Karma, as well as the assembly of Fisker's lower-cost hybrid, Project Nina, which will take place at a former GM factory in Wilmington, Deleware. Fisker began hiring for the Delaware plant in June. "






            More on the Delaware plant near me and the other US jobs.

            http://evworld.com/news.cfm?newsid=25985
            Old and misleading, John? It's dated October 20, 2011 by ABC News, for Pete's sake!

            Hardly old and hardly a right-wing news source. BP
            We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.

            G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.

            Comment


            • #7
              Originally posted by BobPalma View Post
              Old and misleading, John? It's dated October 20, 2011 by ABC News, for Pete's sake!

              Hardly old and hardly a right-wing news source. BP
              Did you follow my link and read this ? We discussed it on a political forum in 2009, so it's not new and from Fox news originally. It's only news again because of the failure of Solyndra.

              "A story touted as "an ABC News exclusive" actually rehashes a flawed narrative pushed by Fox News more than two years ago.
              JDP Maryland

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              • #8
                irony?

                Now this is ironic. I have never heard of it before? http://www.studebakerautos.com/parts/index.htm order me up a new Paxton Bob!

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                • #9
                  Originally posted by (S) View Post
                  Now this is ironic. I have never heard of it before? http://www.studebakerautos.com/parts/index.htm order me up a new Paxton Bob!
                  Cool. either the owner is is/was named Studebaker, it's near a Studebaker road or he's a fan.
                  JDP Maryland

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                  • #10
                    Well, I'd have rather have a car made in Finland than a car made in China! By the way, you know we still send China foreign aid, didn't you?
                    "Madness...is the exception in individuals, but the rule in groups" - Nietzsche.

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                    • #11
                      Originally posted by (S) View Post
                      Now this is ironic. I have never heard of it before? http://www.studebakerautos.com/parts/index.htm order me up a new Paxton Bob!
                      That family's name is Studebaker. They have been in business in Richmond IN for decades, even back when Studebaker cars were being built, AFAIK.

                      More irony is this: They also have an International Heavy-Duty Truck franchise, or did for awhile, named Studebaker International!

                      So in the eastern half of Indiana along U.S.40, we have two businesses named Studebaker International; the one in Greenfield IN owned by Ed Reynolds vending Studebaker parts, and the new-truck dealership on the eastern edge of the state in Richmond! BP
                      We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.

                      G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.

                      Comment


                      • #12
                        Originally posted by Scott View Post
                        Well, I'd have rather have a car made in Finland than a car made in China! By the way, you know we still send China foreign aid, didn't you?
                        I did just learn that, most of it to Tibet and to support American run aid NGO's (275 million total from 2001-2010.)

                        During the past decade, the U.S. Department of State and USAID have administered a growing number and range of programs in China. Between 2001 and 2010, the United States government authorized or made available nearly $275 million for Department of State foreign assistance efforts in the PRC, of which $229 million was devoted to human rights, democracy, rule of law, and related activities, Tibetan communities, and the environment.
                        U.S. program areas include the following: promoting the rule of law, civil society, and democratic norms and institutions; training legal professionals; building the capacity of judicial institutions; reforming the criminal justice system; supporting sustainable livelihoods and cultural preservation in Tibetan communities; protecting the environment; and improving the prevention, care, and treatment of HIV/AIDS in China. The direct recipients of State Department and USAID grants have been predominantly U.S.-based non-governmental organizations (NGOs) and universities. Some Chinese NGOs, universities, and government entities have participated in, collaborated with, or indirectly benefited from U.S. programs and foreign aid grantees.
                        JDP Maryland

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                        • #13
                          Originally posted by JDP View Post
                          As was pointed out in the link, most all government guaranteed loans are given to corporations that have some plants outside the USA.

                          That's because under NAFTA. Canada and Mexico are considered "domestic".
                          Besides, the more jobs in Mexico, there might be fewer illegal (or "undocumented" to use the PC term) coming to the US.

                          I'm not sure how many illegal Finns we have in the US....
                          Though folks in Duluth used to tell "Finnlander" jokes when I was there.
                          Last edited by JBOYLE; 10-25-2011, 06:55 PM.
                          63 Avanti R1 2788
                          1914 Stutz Bearcat
                          (George Barris replica)

                          Washington State

                          Comment


                          • #14
                            Originally posted by JBOYLE View Post
                            That's because under NAFTA. Canada and Mexico are considered "domestic".
                            Besides, the more jobs in Mexico, there might be fewer illegal (or "undocumented" to use the PC term) coming to the US.

                            I'm not sure how many illegal Finns we have in the US....
                            Though folks in Duluth used to tell "Finnlander" jokes when I was there.
                            Not sure if I mentioned this before, but I met a guy from India at the casino. He was on a student visa and had started a software company in the USA while in collage. He wants to stay, but can't make the quota and has to go back to India and grow his business there with his American education. I recall Australia once had a open arms policy if you could show that you'd be a asset to the local economy, or were highly skilled not sure if that's old history.
                            JDP Maryland

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                            • #15
                              Personally, I think the question of whether Fisker used US loan money to build cars in Finland is not the salient one. The real question should be, "should government be funding technologies and businesses that should be private-sector, venture capital projects." I'm sure Bob Kagle or Ann Winblad have the money or the ability to assemble a consortium to fund this sort of development... if they thought the returns justified it.

                              Clark in San Diego | '63 Standard (F2) "Barney" | http://studeblogger.blogspot.com

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