Gore-Backed Car Firm Gets Large U.S. Loan To Build A Hybrid Sports Car

At first glance I was concerned... then I realized the WSJ owned by Murdoch now. Perhaps there is some tilt in the story. In fact after a second and THIRD read I'm still not sure what Finland has to do with the content.... clearly edited poorly...

I don't know what the facts are for certain. The story seems to be about Fisker (a long-standing EV car company) that is based in California and is receiving $465 million to build $40,000 cars in the USA.

"Matt Rogers, who oversees the department's loan programs as a senior adviser to Energy Secretary Steven Chu, said Fisker was awarded the loan after a "detailed technical review" that concluded the company could eventually deliver a highly fuel-efficient hybrid car to a mass audience. Fisker said most of its DOE loan will be used to finance U.S. production of a $40,000 family sedan that has yet to be designed."

There are few interjected bits about the connections to the connections between various venture capital firms and companies that have contributed to the Democrat campaigns.....

BIGGER QUESTION: Which news sources can we even trust for objective information anymore.

we could build these cars with mexican labor here. why not, it would be well built for less than minimum wage. once the rich r&d the new expensive cars and the bugs get worked out of the systems then cheaper cars will follow. remember the first battery tooth brushes in the late 90's, $25--! by 2000 they were $10, now some are less than $2(they could cost $.05 to make in china) but i digress, again.

good cars can not be made here without costing double. unions, nuff said.

Once (if) these ever become more affordable, though, it will convince a great deal of people to switch to hybrid cars. Sure, we'll think the people who own them are pretentious and deeppocketed at first, but it may eventually push the car industry further toward electric power. I'm all for it.

man with 529 million I could buy an island and we could all go live on it and start our own cable network and take ov......................

Are there any poet's here to tell me what rhymes with Gore?

The money is well spent if you compare it the billions we are giving GM to continue to build crapy cars.

I think many people are missing that often with technology is that it starts out expensive. The innovations and acceptance of the technology then begins to trickle down (sorry for sounding Reganomics like) and become more affordable. Industries tool up and costs go down.

This could be a good market to incubate the technology. However, too bad it's not being done in the US.

Build here, and one that's affordable to the average American.
Bring that money back. American's need jobs so they can buy American made products.
Just hold the plant to the same standards they hold foriegn car companies. So they can afford to build a cost effective car. (not the standards forced on the American car manufacturers).

$500 million to non-U.S. company! The latest in the arrogant scams promoted by politician/business men, sucking on the teat of the U.S. taxpayer.

The fisker loan is not new to me but the Gore connection is. What is meant by "backed"?

If we are going to give out loans to companies, why not give them to the companies that will employ Americans? Every American taxpayer was fleeced on this one.

Disappointing. We need affordable cars the middle class can drive to drive this environmental movement. The average American cannot afford 89,000 for a car. In my opinion, this does nothing to bring about any kind of environmental change. It just makes rich people richer.
And just to add, why is Al Gore's name alone associated with "backing" this? To get more attention for their headline?

i want my cars made out of hemp and fueled by the sun... wait i don't drive

gov money to help an a car company that make cars that sell for about $89,000? Why not helping a company to make hybrids that would sell for $12k ~ $15k?

There's really no one interested in reducing gas consumption... no one...

enough with the status symbol cars! i want an affordable and efficient hybrid car!

quit crying about not getting your loan. welcome to the world

If I buy foreign it will be Toyota and it will not cost $89,000. Clearly "green" vehicles can mean more than fuel economy!

Their ads will soon be on Current_tv I bet...

Including the founding of this network

Why, I don't get the idiocy of our politicians. Why are we giving government loans to non-American companies ? Oh yeah, because Al Gore has connections.