Friday, October 21, 2011

$539 Million US Dollars to Support Finland Industry

Very nice, indeed.  All you Janesville folks should be screaming at Obozo & Friends.

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.

Not in Janesville?  St. Paul? (a FoMoCo plant which will close this year.)  

"We're not in the business of failing; we're in the business of winning. So we make the right decision for the business," Fisker said. "That's why we went to Finland."

Oh, really

And just who are the Friends of Fisker, (aside from Valmet of Finland)?

Among others, Al Gore.

Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware.

We'll see about Delaware.  There are lots of promises out there--at least $529 million's worth.

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