Car Company Gets U.S. Loan, Builds Cars In Finland

Car Company Gets U.S. Loan, Builds Cars In Finland
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Car Company Gets U.S. Loan, Builds Cars In Finland 20 Oct 2011 With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.

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