26 September 2009

Al Gore Welfare

$529M Gov't Loan To Develop $89,000 Hybrid Sports Car

theodp writes "The WSJ reports that a tiny car company backed by former VP Al Gore has just gotten a $529M US government loan to help build an $89,000 hybrid sports car in Finland. The award this week to California startup Fisker Automotive follows an earlier $465M government loan to Tesla Motors, purveyors of a $109,000 British-built electric Roadster. Fisker's other investors (PDF) include the Al Gharaffa Investment Co., a Cayman Islands corporation."

Read more of this story at Slashdot.

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