More Green (lost) on Green..

You youngsters out there may not recall Burt Bacharach?

 Burt Bacharach 1a

 Bert composed a song entitled…

technical-blue-by-pamonk-on-deviantart

Blue on blue..

..first recorded by Bobby Vinton in 1963, it was a great song.

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Although I’m sure that you will never hear (this) on the radio, ..this is my (altered) version dedicated to Barack Obama.

 Obama Money

Green on green, headache after headache
Green on green, now that Fisker is bankrupt
Green on green, headache after headache

All because Obama is ignorant and corrupt.

I walk along the street, that we used to drive
Two by two, Fords and Chevys pass-by…
And as they’re passing by with a blue cast to their exhaust.

I know that America’s grandkids will have to bear the cost.

Green on green, headache after headache
Green on green, now with our treasury depleted…
Green on green, headache after headache
How do we tell our grandkids that they’ve been cheated.

Night after night we wonder what we could have done

To protect the children of our daughters and our sons

As I think about it now, especially in the still of the night

More intelligent voters would have staved off our grandkids plight.

Through a vale of tears our grandchildren’s futures disappear
and I’m as sick as I can be…

Green on green, headache after headache
Green on green, now that we are broke
Green on green, headache after headache
If it weren’t for Obamacare, I could afford to have a stroke.

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Fisker Automotive, Inc. is an American automaker based in Anaheim, California. The company’s first product is the Fisker Karma, one of the world’s first production plug-in hybrid electric vehicles. It debuted at the 2008 North American International Auto Show, creating the premium green car segment in which most major manufacturers have since announced they would compete.

History…

Henrik Fisker co-founded the company in 2007 with business partner Bernhard Koehler (Fisker Coachbuild) and Quantum Technologies after securing a relatively small investment from Gianfranco Pizzuto, an Italian businessman, and Palo Alto Investors. Henrik Fisker is responsible for designing many premium cars such as the Aston Martin DB9 and V8 Vantage, Artega GT and BMW Z8. He also served as design director and sat on the board at Aston Martin.

Investors…

Fisker Automotive’s investors include Leonardo DiCaprio, Palo Alto Investors, Kleiner Perkins Caufield & Byers, Qatar Holdings, LLC, A123 Systems and Ace Investments. In April 2012, Fisker announced it had received US$392 million in a recent round of financing, which is in addition to US$850 million in private investment it had received in previous rounds.

In July 2012, Fisker shut down all production and hired financial adviser Evercore Partners to find new partners and investors but in December 2012 Fisker claimed it was not for sale. With government credit lines suspended and no income, company officials have sought further government loans and subsidies, and continued to search for investors, lenders, and buyers, and still hopes to find customers in China, England, and continental Europe. By the end of 2012, the search for funding continued, and Fisker had to cease development of the second model line which was around 90% complete.

U.S. government loan

In 2009 Henrik Fisker mentioned plans for another plug-in hybrid, a “high-volume vehicle for a lower price”, subject to getting a U.S. Department of Energy grant to build about 100,000 vehicles annually in the United States.

Fisker received a US$528.7 million conditional loan in September 2009 from the Department of Energy’s US$25 billion Advanced Technologies Vehicle Manufacturing Loan Program (ATVM).

A total of US$169.3 million is for engineering work with primarily USA suppliers to complete the Fisker Karma, design tools and equipment, and develop manufacturing processes. The DOE announcement of the conditional loan went on to reveal the code name for the new vehicle: “The second stage includes a $359.36 million ATVM loan for Fisker’s Project Nina, involving the manufacture of a plug-in hybrid in the U.S.”, expected to reduce pollution corresponding to 30,000 fewer cars.

For comparison, the US$465 million ATVM loan to Tesla corresponds to 5,000 fewer cars. “Project Nina” was later revealed as the Fisker Atlantic.

Fisker’s ATVM loan has attracted some controversy. Politicians and journalists have drawn comparisons with similar loans received by the now-bankrupt solar cell manufacturer Solyndra.

After drawing US$193 million, the government froze Fisker’s credit line in May 2011 after it was determined that the company had not met milestones set as conditions for the loan and hired Houlihan Lokey to assist in monitoring Fisker’s progress.

The loan received additional scrutiny for being awarded for the manufacture of luxury vehicles that are too expensive for much of the general public. Fisker investor Ray Lane responded that the issues were being blown out of proportion due to election year politics. (Source, Wikipedia).

 Fisker Karma 1

(Fisker Karma) 

Question: Does this look like an automobile you could purchase with food stamps?

Think about it, I’ll be back tomorrow

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Crusader Rabbit…

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