Nissan Cancels Grand Opening of Taxpayer-Backed EV Plant
The moment that all we electric automotive industry stakeholders (that is, taxpayers) have been waiting for has arrived! The dreams that spurred our $1.4 billion investment in Nissan’s Tennessee plant,...
View ArticleOpposition Grows to Sale of A123 Systems to China
The Chinese government, unsurprisingly, has approved a potential sale of stimulus-funded ($279 million-plus) A123 Systems to one of its own automobile parts manufacturers, should the Wanxiang Group’s...
View ArticleWill Fisker Be Sold to the Chinese Now Too?
This story has been updated at the end.Fisker Automotive finally received a good review for the only model it has produced – the highly subsidized, widely panned and sometimes burned extended-range...
View ArticleNissan Admits Arrogance in Sales of Taxpayer-Subsidized Leaf
A top Nissan official has said the company was “arrogant” in its marketing and sales approach for the all-electric Leaf, which received a $1.4 billion stimulus loan guarantee from President Obama’s...
View Article2012: The Year of Taxpayer ‘Green’ Waste
The past year was a dismal one for the passé idea that government would use taxpayer dollars responsibly, and that was nowhere more evident than with President Obama’s initiatives to promote “clean”...
View ArticleWill Departing Duke CEO Rogers Officially Join the Obama Team?
Now that he’s been forced out as chairman and CEO of Duke Energy, James Rogers is apparently looking for something else to do, and may now be more receptive to the idea of becoming President Obama’s...
View ArticleSale of A123 Systems to Chinese Gets Final U.S. Approval
A123 Systems has received approval from the Committee on Foreign Investment in the United States for the controversial bankruptcy sale of most of its taxpayer-funded technology and assets to...
View ArticleTaxpayer Millions, Lithium Ion and Rich People Just Don't Mix Well
Undoubtedly alternative energy and transportation innovator Elon Musk (Flickr photo: Jurvetson) – like his competitor for the taxpayer-funded, six-figure electric automobile market Henrik Fisker – is a...
View ArticleInspector General Confirms Fun & Games at LG Chem
The employees of battery maker LG Chem still haven’t found anything to do worthy of their pay since they were caught playing games and watching videos four months ago, and now the Inspector General for...
View ArticleTaxpayer-Supported Fisker Looking to China, Like A123
Stimulus déjà vu-lishness lurks: Another “green” tech company that received hundreds of millions of taxpayer dollars is financially troubled, seeks a buyer (or their preferred term – a “partner”), and...
View ArticleTesla CEO Elon Musk Fights Perceptions as Stock Drops
Taxpayer-supported Tesla, recipient of a $465 million stimulus loan guarantee to produce yet another electric toy car (the Model S) for rich people, reported its 4th quarter earnings last week. The...
View ArticleChina Can't Appreciate Obama-Biden Vision for Fisker in Delaware
For weeks now the buzz about Fisker Automotive, the latest Department of Energy-funded clunker, is that two China-based automotive companies – Zhejiang Geely Holding Group (which owns Volvo) and...
View ArticleAl Gore, DiCaprio AWOL as Fisker Circles the Drain
UPDATE 11:30 a.m. Friday: Reuters reports that Fisker has hired a bankruptcy attorney.Fisker Automotive, which has received $193 million of a $529 million Department of Energy stimulus loan guarantee...
View ArticleNo April Fools: Obama's Green Energy Stimulus is Officially a Joke
President Obama’s alternative energy “stimulus,” administered through his Department of Energy by previous Secretary Steven Chu, had already become a joke because of the failures and foibles of so many...
View ArticleLawsuit and a Congressional Hearing as Fisker Bankruptcy Nears
As green energy stimulus recipients raked in billions of dollars the last few years, with President Obama declaring what a great “investment” they were for taxpayers, friends of mine would jokingly...
View ArticleIncompetence and Dysfunction Rampant at Energy Department
“Ineptocracy” is a new Internet-popularized word in wide circulation, which came to my inbox with the following definition:“A system of government where the least capable to lead are elected by the...
View ArticleAdministration Denies Reality at Fisker Congressional Hearing
As the Department of Energy seized the last of Fisker Automotive’s reserves in lieu of an unknown amount that it was due to repay this week, what’s left of the lame electric automaker clings to the...
View ArticleObama's Electric Vehicle Loans Program is a Failure
Mark it down: the report this month about the shutdown of Vehicle Production Group– beneficiary of a $50-million stimulus loan from the Department of Energy– means the Advanced Technology Vehicles...
View ArticleA123 and Fisker Fire at Each Other as Taxpayers Run for Cover
As if taxpayers didn’t already have to stomach enough corruption, incompetence and dysfunction in the government's promotion of "green" energy, two past exemplars failure have returned to discharge...
View ArticleObama's Words on Carbon Dioxide, Drilling Contradict His Actions
In his much-hyped speech Tuesday, President Obama promised executive action – including greater regulations on the coal industry and approval of the Keystone Pipeline only if its “net effect on our...
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