There ought to be a crawl on CNN.
Also, the (what used to be ) great car rental company, HERTZ.
Remember this?
https://finance.yahoo.com/news/hertz-loses-another-200-million-from-its-evs-172735716.html#
[EXCERPT]
The company previously said it would sell off 20,000 EVs from its fleet, meaning it will now dispose of 30,000 EVs in its fleet through the end of 2024. Add today’s charge to the $245 million write-down taken in Q4, and the company has now lost $440 million on its EV gambit.
…......
For the quarter, Hertz reported an adjusted loss of $1.28 a share, wider than the $0.44 loss analysts were expecting. Hertz reported an adjusted net income loss of $392 million, more than double the $147 million loss expected.
How Dare You!
Sales “did not materialize as expected” they say? Au contraire; sales materialized exactly as anyone with a brain and objective perspective anticipated.EXACTLY right!
The whole idea that you can rebuild the entire energy and transportation infrastructures from scratch in a few years is preposterous. It took almost 150 years of tough engineering work to evolve to where we are today. A few government whiz kids with no real-world experience are NOT going to will into existence "green" energy and EVs just to satisfy the mythical "climate crisis" and overnight replace what was built over 150 years.
But no corporate CEOs dare buck this and tell the government "You are wrong. It will not work."
(Some of you may recognize "whiz kids." It was a name given to a group of experts from RAND Corporation with which Robert McNamara surrounded himself in order to turn around the management of the United States Department of Defense (DoD) in the 1960s. It worked out real well.)
Butt, butt, butt..........
Are these the “bankruptcies” in which the debtor no longer has to pay back money owed but continues to stay in business?
One restaurant chain near me has been in that situation for a number of years. I think Rite Aid, too.
How do you go bankrupt with all the government subsidies, mandates and propaganda helping you? Could there be a problem with your product?
Failed to stay in their lane. Good scissors.
Someone had said of Fisker that it’s “Solyndra on wheels”.
Collectivism doesn’t take into account consumer demand.
You will buy an electric car, comrade.
It’s no wonder that they went bacnkrupt. Their cars like they were modeled after deep sea bottom dwelling fish.
I liked the karma, one of my co-workers had one when they were new.
It was better looking than any of the Ferrari or audi/bmws
certainly better than the unimogs.
Today at a different place one has a newish Ocean. I told him he was driving a boat and the ocean is where all his money would go, like a black hole.
I hope he has Gap insurance, but my auto insurance without all that stuff just went up 78% for no reason and I don’t need an Ocean boat anchor to drag it down more.
Honestly at an average of just about 30k I might be tempted to buy a few and sell the parts for huge markups. I mean if you cannot get a front fender, or a door, or a tailgate you have to total the car. So as an ins company you will pay for these things.
I bet the battery, power control unit and motors will be worth $$$$$ if someone needs them to keep their suv boating
When Fisker first went into the car business, their cars were exquisitely beautiful. You could have sworn that the body panels were hand-made by (the late) Sergio Scaglietti, Ferrari’s legendary English wheel man.
Anything you make after that that doesn’t look like Michelangelo carved it out of Carrara marble is a let-down.