Another Very Expensive and Government Subsidized All-Electric Car Burst into Flames

Posted by PITHOCRATES - August 25th, 2012

Week in Review

Here’s a word of advice.  If you see one of those fascinating new all-electric cars in the parking lot when you’re out shopping don’t park anywhere near it.  Just in case (see Fisker Issues Second Recall of Electric Car by RANDY KREIDER posted 8/20/2012 on ABC News).

After the second of two mysterious fires in a Karma sedan, the government-backed electric car-maker Fisker has initiated a voluntary recall of its luxury vehicles…

As first reported by Jalopnik.com, the owner found the vehicle burning in the parking lot when he returned from shopping. At the time, the Woodside Fire Department said the immediate cause of the blaze appeared to be “heat from powered equipment,” and firefighters cut the car’s battery cable after putting out the fire. Woodside Fire Chief Dan Ghiorso told ABC News that the origin of the fire appeared to be inside the engine compartment, though Fisker said in a statement that it was determined to be outside the compartment in an area “forward of the driver’s side front tire.”

Ghiorso said Monday that he did not dispute Fisker’s new findings about the origin of the blaze. The fire did not cause any injuries but did cause damage to an adjacent vehicle, according to the Woodside Fire Department.

The fire is the second mysterious blaze in a Fisker Karma in 2012. Earlier this year, a Fisker Karma parked in the garage of a Sugar Land, Texas home caught fire, destroying a portion of the residence. Fire officials blamed the electric vehicle for the fire, according to media reports, but Fisker contended that neither the car nor its battery had anything to do with the fire, since the car was unplugged at the time of the fire and the battery pack was intact and still working after the blaze.

In March, another Karma broke down in the middle of a Consumer Reports road test, a failure that Fisker later said was due to a faulty battery.

More than 250 Fisker Karmas, out of the more than 1,000 that the company says are on the road, have been subject to a recall over the last year due to problems with the cars’ lithium ion batteries that could have led to fires in the $102,000 cars.

Gee, I’d hate to be the person who invested in these expensive cars that seem to be having so much trouble.

In 2010, the Department of Energy awarded Fisker a $529 million green-energy loan, in part to help purchase a shuttered General Motors plant in Delaware, where it predicted it would one day employ 2,000 auto workers to assemble a clean-burning gas-electric family car, known as the Atlantic.

Fisker collected nearly $200 million until February this year, when the government froze the loan because the company was failing to meet the government’s milestones. Most of those federal funds went into bringing the Karma, which Fisker assembles in Finland, to the U.S. market.

Oh.  I am the person investing in these expensive cars that seem to be having so much trouble.  Makes sense.  Obviously the technology is so questionable that they couldn’t build these cars with private money.  Like auto makers can build those cars that run on gasoline with private money.  Because that technology works.  Unlike these all-electric cars.  Based on these electric cars bursting into flames or breaking down or being recalled.

I’m not sure how this creates U.S. jobs.  Except at the port that unloads these cars from ships.  Unless the Obama administration is counting on hiring new firefighters to put out these car fires.  Firefighters do belong to a public sector union.  And the president does support public sector unions.  After all, he did say the private sector was doing well.  It was the public sector that he wanted to see some hiring in.  So maybe this was the grand plan all along.  Burning cars to support the call to hire more firefighters.

Company executives began hinting in February that Fisker would reconsider its plan and look for a cheaper place to build the Atlantic, despite the federal funding it received to build in the U.S.

“If Fisker no longer gets government monies, then obviously we are in a place where other options are open to us and have to be considered from a business perspective,” Roger Ormisher told ABC News in May…

Ormisher also said that negotiations with the DOE were ongoing. “We’re hoping for a conclusion fairly soon,” he said.

They don’t want to build in the U.S. with UAW auto workers.  Unless they get a government subsidy.  To offset the high cost of UAW labor.  Because they don’t want to go bankrupt like GM did from the high cost of UAW labor.  They’re still trying to negotiate further subsidies from Loans-R-Us.  I mean, the Department of Energy (DOE).  And they really like those loans.  Because they come with a wink.  They know they don’t have to pay them back.  Especially if they pull a Solyndra and go bankrupt.

There has to be a cheaper way to create jobs in Finland.  Then again, why should we even be trying to create jobs in Finland in the first place?  Perhaps it’s time we take junior’s credit card away.  For the DOE just doesn’t appear to be responsible enough with our money.  And another thing, why do we even have a DOE?  What?  Are they the ‘parsley’ of government spending?  Something that looks nice on your plate but has no real value?  It would appear so.  Perhaps it’s time we stop spending money on parsley.  The government should impress us with substance.  Not appearances.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , ,