Most liked posts in thread: Bad Karma

I have a neighbor who owns one.

He wishes he didn't.

But he only paid $97K for his.

 

Maybe the taxpayers finally got something for their money....

Illumination!

 

Henrik Fisker resigns as executive chairman of Fisker Automotive

Henrik Fisker, founder and executive chairman of struggling plug-in hybrid vehicle maker Fisker Automotive, has resigned.

In an e-mail today to Automotive News, Fisker wrote: "The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy."

Fisker confirmed his resignation in a phone interview and declined to comment further.

Tony Posawatz, who became president and CEO of the company in August, said this morning that he had just been made aware of the resignation. Posawatz previously was vehicle line director for the Chevrolet Volt plug-in hybrid.

Asked how the company was faring, Posawatz said, "We're in the midst of some serious negotiating."

News reports last month said that a Chinese holding group, Zhejiang Geely, which owns Volvo, leads the bidding to take over Fisker Automotive.

Fisker Automotive has been seeking capital to launch its second vehicle, the Atlantic, after a $529 million federal Advanced Vehicle Technology Loan was put on hold because of slow sales.



From: Automotive News - Henrik Fisker resigns

 

:cornut: No comment. Political posts aren't allowed. I'm back on the straight and narrow.:frown2::frown2::lol::lol:

Jason

 

:wink::wink: NOPE! One little PM from God is all that it takes.:lol::lol:

Jason

 

I thought placing one in the 2 and 1/2 Men show a year ago was a good idea for exposure, but I've seen them on Epay recently with buy it nows as low as $60K, made me wonder if there was a future for these guys.

 

There are currently 22 Karma's on eBay for sale.

For such a limited production car that has not been out for long that is a lot of cars.

 

Zactly.......

 

Not really Mark, part of the reason he resigned is that due to the issues they are having the loan for 5xx million is being held up.

Hence the board of directors is shopping the company to the Chinese.

 

Of the $539 million that gov't was to loan them they got $200 million, the rest has been frozen.

My personal opinion is that the 200 million is gone never to be seen by the US Gov't again. Much like Clark Griswold giving money to Cousin Eddie.



It's not an ideal situation, but it's better than loosing the entire amount.

We can discuss till the cows come home if it was a good bet or net. I do not mean to trivialize the amount of money here, as I could probably retire and live very well on that scant $200 million. Should it have been done in the first place. I don't know, but if the company had been successful, paid back every penny with interest then we'd pointing a finger the other way saying see, sometimes it does pay for gov't to meddle in free enterprise.

Mark, we are both small business owners, and if we went hat in hand to the feds looking for "loans" such as these we'd never even get in the door much less have it slammed in our faces.