Replies to post #112138 on WEALTH UNIVERSITY

[kgoodrich]

This came in augustafriends of Fisker.

By JOSH MITCHELL and STEPHEN POWER
WASHINGTON --

A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla, like Fisker, is a California startup focusing on high-end hybrids, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.



Fisker's Karma hybrid sports car, above, will initially cost about $89,000.