Something rotten stinks here.
The Tundra Tabloids has been saying all along that something fishy has been going on with Bruce Oreck, the “green” businessman who pumped in over $500 000 into the Obama campaign and over $100 000 into his inaugoration before “landing” his current job US ambassador. Al-Gore just recently visited Finland a month and they announced that the US government is going to be spending over a 100 million on an innovation park at the embassy in Helsinki. There’s a story here waiting to be discovered, if only an investigative journalist had the gumption to do so. KGS
Car Company Gets U.S. Loan, Builds Cars In Finland
By MATTHEW MOSK, BRIAN ROSS (@brianross) and RONNIE GREENE
ABC NEWS and iWATCH NEWS
Oct. 20, 2011
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.
Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.
“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”
Henrik Fisker said the U.S. money so far has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.
“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.”
The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected California-based electric carmakers producing sporty — and pricey — cutting-edge autos. Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware. And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.