Published in 2012. The company went bankrupt in 2013.
Fisker Automotive has released a hybrid car, the Karma. The U.S. government lent the company $193 million to produce it.
It gets 50 miles on a single battery charge. Not 50 miles an hour. Fifty miles.
It has a 400-horsepower engine. It needs it to charge the battery.
It costs over $102,000 in a stripped-down model, or $117,000 fully equipped. Plus tax and license.
It’s gorgeous, as any car designed for the super-rich ought to be.
Its wood trim comes from trees dredged up from the bottom of Lake Michigan. This is a tree-hugger’s dream come true, if he has $117,000 plus tax and license.
Sadly, 239 of them have been recalled for a battery-related defect.
Unfortunately, the latest news is that the company is about to be hit with a Securities and Exchange Commission investigation of possible fraud.
The government proves once again that it is looking out for the taxpayers. First, it makes sure that the Beverly Hills set has more opportunities to indulge their environmental proclivities. Then it sends in the regulators.
The taxpayer can’t win, either coming or going.
Take a virtual test drive. That’s all you be able to afford.
[August 15, 2018 note: after six years, this YouTube video has had fewer than 3500 views.]
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Posted on April 26, 2012. The original is here
On the ill-fated history of this obvious boondoggle, read the Wikipedia article: https://en.wikipedia.org/wiki/Fisker_Automotive.
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