Fisker Facing Delivery Problems
When you see the kind of trouble that Fisker Automotive is having trying to get its first model in the hands of buyers, it sort of makes you wonder how will it ever get the next one out -- and whether taxpayers will ever get their loan repaid.
Fisker is starting to lose buyers, and their $5,000 deposits, because of trouble delivering the cars, reporter Mark Rechtin of Automotive News reports. The car is the Karma, a $103,000 hybrid. Some 1,500 of the Finnish-built Karmas are stuck at sea, stuck in customs or otherwise stuck.
Fisker, meanwhile, is seeing problems such as strained relations with suppliers and cash-flow issues. That's not good when you're gearing up for a second model, a yet-unnamed, mass-market electric car to be built in Delaware with proceeds from a $500 million government loan. If the company can't hold itself together, it is likely to become an issue in the presidential campaign, with the Republican nominee pointing to Fisker as an example of Obama administration waste.
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