Jump to content
  • Welcome to AngelsWin.com

    AngelsWin.com - THE Internet Home for Angels fans! Unraveling Angels Baseball ... One Thread at a Time.

    Register today to join the most interactive online Angels community on the net!

    Once you're a member you'll see less advertisements. Become a Premium member and you won't see any ads! 

     

Solyndra II


Recommended Posts

Just another fine example of our government misallocating taxpayer money. But hey, what's another $529 million when the Fed is printing $85 billion a month?

 

 

Fisker Automotive entered the electric car market with hefty support from the U.S. Energy Department and backing from such celebs as Justin Bieber and Leonardo DiCaprio, but the company and its high-priced Fisker Karma have continued to skid financially.

 

http://abcnews.go.com/Blotter/fisker-headed-solyndra-collapse/story?id=18861256#.UV7y8KsjpuA

 

http://gigaom.com/2013/04/05/sources-fisker-to-lay-off-many-of-its-employees-today/

Link to comment
Share on other sites

So a company with just over 200 employees before the layoffs burned through almost 200M of the loan in 2 years before the feds got involved?  Glad they cut the line off but given the size of the company that loan just seems massive.  I realize it's in an industry they're trying to help grow and it takes money to do that but given the price of the cars how big did they think the demand would be?  I get that the cars aren't going to be cheap but I would love know what kind of pitch they gave while applying for that loan.   

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...