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Gore-Backed Car Firm Gets Large U.S. Loan to build cars in Finland

Posted by Pet Rock on June 23, 2012 at 1:15am in Spirituality In General

http://online.wsj.com/article/SB125383160812639013.html
WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.

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