Fisker fires 75% of workforce

[Meister]

Another one of Obama's green energy companies is on the verge of filing BK. Nearly 200 million of the taxpayers money is down the tube.

About 75 percent of the workforce at troubled battery-car start-up Fisker Automotive has been laid off, a move forced by the firm’s increasing weak financial situation and the mounting fears that without new investors or partners Fisker could be forced into bankruptcy, numerous sources have confirmed.

The move comes only days after U.S. employees reported back after a week-long, unpaid furlough, and less than a month after founder and former Chairman Henrik Fisker resigned over “several major disagreements” with members of the small carmaker’s senior management team over its ongoing business strategy.

Despite having raised an estimated $1.2 billion from private investors – and having tapped $193 million before the DoE loan was frozen, Fisker reportedly has just $30 million in available cash at this point. It also is expected to get a settlement of $15 million from its bankrupt battery supplier, the former A123, which was recently sold to a Chinese bidder.
Fisker fires 75% of workforce; bankruptcy next? - Business on NBCNews.com



Biden talks about the billions and billions that Fisker would return. What a Bozo

 

[Avorysuds]

Obama should be jailed for this crap.

 

[Meister]

We sure do hear a lot of the failures with our tax dollars being flooded into the green energy, but there isn't any blooming success stories being told about the green energy jobs we are paying for.

 

[RDD_1210]

Obama should be jailed for this crap.

On what grounds exactly?

Hold on, let me get my popcorn, I can use a laugh.

 

[Lovebears65]

Obama touch of the demise of companies are piling up !!

 

[asaratis]

Quick! Let's loan them $50 billion or so to hold them solvent until after 2014! Democrats need the votes!

 

[Lovebears65]

Obama touch of the demise of companies are piling up !!

Can someone translate this in to English for me please. Thanks!

GOOGLE Companies closed due to Obama either just by visiting or giving MONEY too. LIKE SOLYNDRA

 

[Meister]

Obama touch of the demise of companies are piling up !!

Can someone translate this in to English for me please. Thanks!

No translation needed

 

[The Rabbi]

Obama wants to pick winners and losers in industry. The problem is he always picks the losers.

 

[asaratis]

Obama wants to pick winners and losers in industry. The problem is he always picks the losers.

He picks those favored by his campaign contributors...all of which are LOSERS!

 

[freedombecki]

We sure do hear a lot of the failures with our tax dollars being flooded into the green energy, but there isn't any blooming success stories being told about the green energy jobs we are paying for.

Obama got his campaign contribution and doesn't have to give it back.

 

[hjmick]

As long as we're discussing Obama's stimulus failures...


Another Solar Company Can't Take The Heat, Closes Despite $10 Million In Stimulus | CNS News

 

[Mr. H.]

Obama wants to pick winners and losers in industry. The problem is he always picks the losers.

And he preys upon the winners.

He intends to hammer the oil and gas industries with over $40 billion in taxes.
Some reward for success, huh?

 

[LordBrownTrout]

The boom is natural gas and oil. Of course it's going to fail. Wind and sun aren't concentrated. It doesn't take a whole lot of common sense to figure this out.

 

[The Rabbi]

Obama wants to pick winners and losers in industry. The problem is he always picks the losers.

And he preys upon the winners.

He intends to hammer the oil and gas industries with over $40 billion in taxes.
Some reward for success, huh?

:If it moves, tax it. If it still moves, regulate it. If it stops moving, subsidize it."
Reagan had it all figured out.

 

[francoHFW]

Congrats, dupes, you ruined another great project. Kudos, "No compromise, un-American Tea Party GOP" (TIME). Dumbazz haters, chumps of the greedy idiot rich...

 

[Mr. H.]

Obama wants to pick winners and losers in industry. The problem is he always picks the losers.

And he preys upon the winners.

He intends to hammer the oil and gas industries with over $40 billion in taxes.
Some reward for success, huh?

:If it moves, tax it. If it still moves, regulate it. If it stops moving, subsidize it."
Reagan had it all figured out.

Except for agriculture which is awash in billions in profits while we pay record prices for groceries. They pollute our ground, air, and waters while exporting tens of billions of metric tons of grains each year. Still... they are subsidized to the hilt.

 

[LordBrownTrout]

Congrats, dupes, you ruined another great project. Kudos, "No compromise, un-American Tea Party GOP" (TIME). Dumbazz haters, chumps of the greedy idiot rich...

Why? Wind and solar is going nowhere in a hurry because it doesn't produce.

 

[Meister]

Congrats, dupes, you ruined another great project. Kudos, "No compromise, un-American Tea Party GOP" (TIME). Dumbazz haters, chumps of the greedy idiot rich...

It didn't help when Consumer Report was going to do their testing with Fisker and the thing broke down.
I suppose that's the "great project" you're talking about....right?

A six-figure Fisker Karma electrified sedan broke during Consumer Reports check-in period, before the magazine even could begin testing it, delivering another black eye to the struggling automaker.

"Our Fisker Karma cost us $107,850. It is super sleek, high-tech—and now it's broken," the magazine lamented in its blog today in an item headlined "Bad Karma."
Consumer Reports' $100K Fisker Karma dies on arrival

Francis....you're a total idiot and you never let us down.

 

[WillowTree]

Another one of Obama's green energy companies is on the verge of filing BK. Nearly 200 million of the taxpayers money is down the tube.

About 75 percent of the workforce at troubled battery-car start-up Fisker Automotive has been laid off, a move forced by the firm’s increasing weak financial situation and the mounting fears that without new investors or partners Fisker could be forced into bankruptcy, numerous sources have confirmed.

The move comes only days after U.S. employees reported back after a week-long, unpaid furlough, and less than a month after founder and former Chairman Henrik Fisker resigned over “several major disagreements” with members of the small carmaker’s senior management team over its ongoing business strategy.

Despite having raised an estimated $1.2 billion from private investors – and having tapped $193 million before the DoE loan was frozen, Fisker reportedly has just $30 million in available cash at this point. It also is expected to get a settlement of $15 million from its bankrupt battery supplier, the former A123, which was recently sold to a Chinese bidder.
Fisker fires 75% of workforce; bankruptcy next? - Business on NBCNews.com

https://www.youtube.com/watch?v=M-vryph6WMg

Biden talks about the billions and billions that Fisker would return. What a Bozo

How much did that cost those of us who pay Federal Taxes?