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fisker maybe saved
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Sorry to see that it is a Chinese group, but even so, it would be nice to see Fisker continue in some form. Having Lutz on board gives it some cover. I like the fact that he usually just says what he thinks instead of what the team mantra is supposed to be.
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"...VL Automotive, a boutique automaker..."
Yeah right, "saved" in the same way Office Alex J. Murphy was "saved" in Robocop...but I still love ya, Bob!
Yeah right, "saved" in the same way Office Alex J. Murphy was "saved" in Robocop...but I still love ya, Bob!
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Capitalism works because you can build a business and make money using money from other investors, without worrying where that investment money comes from. If Chinese money can save Fisker then it can be successful since I don't see any Americans putting money in.
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Don't forget the atrocious quality of the "products" that they produce. I've lost count of the number of "made in china" stamped products that I've bought, that have made it exactly one day past the warranty before dying.
They aren't "saving" Fisker, they are dismantling it.
Lutz simply wants a supply of the Karma bodies for his conversions. The plans for the assembly/manufacturing would be gone, as would plans for their future models. The deal offered would pay only $25 Million of the DOE loan.
This is simply a pre-packaged bankruptcy, the Vultures are circling.
You seriously don't understand? Yikes... As it's already been touched on, the Chinese don't play by the rules. They go out of their way to steal IP, and their currency manipulation is dangerous over the long term.
I realize our gov't is deeply in bed with the Chinese and that they hold a lot of the US debt, that is exactly why carrying so much debt is a huge weakness for the US long term.
I'll get off my political soap box now...
Jeff
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Dan, you either had your tongue firmly planted in your cheek or you don't understand how things work. There is an incredible amount of corporate warfare in the world, but the big corporations pretty much play by the same rules. China does not. They ignore patents and copyrights, stealing intellectual property with impunity because most major nations are either so blinded by the possibility of selling goods in the "worlds largest market" or because they are so far in debt to them that they are afraid to say anything.
I am not afraid of China, I just despise the way they do business and the way they treat their people. Go there sometime and get off the main roads. I bicycled around China and I walked many of the smaller houtongs in Beijing. You will have no difficulty finding people that want to talk to you, though sometimes it will be harder to find an interpreter. Just compliment their food or their countryside and then sit back share some tea with them and listen as the conversation migrates from topic to topic. The Chinese governments treat their people like trash. And the amusing/sad thing is that the people are willing to accept that treatment (in most instances, though increasingly of late that is in doubt) because the Chinese government is increasingly respected and/or feared by other countries.
Ponder that for a while.
I am not afraid of China, I just despise the way they do business and the way they treat their people. Go there sometime and get off the main roads. I bicycled around China and I walked many of the smaller houtongs in Beijing. You will have no difficulty finding people that want to talk to you, though sometimes it will be harder to find an interpreter. Just compliment their food or their countryside and then sit back share some tea with them and listen as the conversation migrates from topic to topic. The Chinese governments treat their people like trash. And the amusing/sad thing is that the people are willing to accept that treatment (in most instances, though increasingly of late that is in doubt) because the Chinese government is increasingly respected and/or feared by other countries.
Ponder that for a while.
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I used to agree with you and completely understand where you are coming from but something to think about -
It's not the quality of production, it's the quality levels requested by the client. Since the bean counters drive corporate america for the "cheapest possible whatevers" and "maximum profit damn the consequences or bad reputation" you get what you pay for. As much as I'm not a fan of their labor, government, currency or trade practices either they _CAN_ produce good quality if it's required of them and the customer is willing to pay for it. I'm tired of hearing "cheap made in China junk" (and I used to say it myself) - but it should be "companies that request the cheapest possible crap" and have it made in China because they have the cheapest labor. Unless you are buying from a company that understands (and requires) quality control and manufacturing, you are going to get the "made in china" reputation you pay for.
Back on topic, I hope Fisker is saved for the sake of furthering EV development worldwide. Having another company funding more EV research can only help everybody in the long run.
Disagree. If Lutz 'saves' Fisker it sounds like it will be solely for the gliders so he can put the V8s in them. They do not want the old GM plant Fisker currently owns and the DOE loan will be paid off at pennies on the dollar.
If the rumored Henrik Fisker deal goes through, there may be some hope of continued EV development.
If the rumored Henrik Fisker deal goes through, there may be some hope of continued EV development.
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A thing to remember about Fisker is they didn't fail due to their PHEV nature, they failed due to a laundry list of mistakes and probablya fundamentally flawed structure from the get go.
PS: our gov't is NOT in debt to the Chinese. To repay the "debt" (which isn't debt at all) that we owe the chinese there are the step(s)
1. move their bond holding from a savings account that earns interest (that is bonds) to a checking account that doesn't (that would be calssified as reserves). Done.
Where does the money come from? The same place it came from to issue the bonds in the first place. Its a long story, but the money it takes to buy US Govt bonds COMES FROM deficit spending, and we can never run out of it. The Chinese have nothing on us. Unless we act like ignorant retards and simply refuse to understand actual modern monetary mechanisms.
PS: our gov't is NOT in debt to the Chinese. To repay the "debt" (which isn't debt at all) that we owe the chinese there are the step(s)
1. move their bond holding from a savings account that earns interest (that is bonds) to a checking account that doesn't (that would be calssified as reserves). Done.
Where does the money come from? The same place it came from to issue the bonds in the first place. Its a long story, but the money it takes to buy US Govt bonds COMES FROM deficit spending, and we can never run out of it. The Chinese have nothing on us. Unless we act like ignorant retards and simply refuse to understand actual modern monetary mechanisms.
Fisker may be saved.....by Fisker?
http://www.torquenews.com/106/henrik-fisker-teams-chinese-billionaire-buy-fisker-automotive
He IS the one that ran the company into the ground originally, no?
http://www.torquenews.com/106/henrik-fisker-teams-chinese-billionaire-buy-fisker-automotive
He IS the one that ran the company into the ground originally, no?
I think he wasn't directly responsible, but he hired the people that did run it into the ground.
Either of these offers though seem to result in taxpayers taking the loss. I would rather see liquidation if the sale of parts would generate as many if not more money for the taxpayer.
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