It's no longer bit by bit...nudge by nudge.....this kind of blind spending is coming at us like a out of control Tsunami!
In September 2009, Chu announced a $528.7 million loan guarantee for Fisker, specifically to develop its two plug-in hybrid cars. The Obama administration said at the time that $359 million of that loan would help reopen the Delaware factory.
The White House also announced in 2009 that Fisker “estimates it will build 75,000-100,000 of these highly efficient vehicles every year by 2014.”
Fisker has sold just over 400 of the Finland-built Karma cars to date.
Friday, March 09, 2012
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