Fisker's Failure: Biden-Backed Electric Car Company Goes Bankrupt

Submitted by MAGA

Posted 12 days ago

Biden-backed electric car company Fisker files for bankruptcy, sells cars at 80% off.

Fisker, the electric car company that received a $529 million loan from the Obama administration, has filed for bankruptcy and is now selling its remaining inventory of unsold electric vehicles at a steep discount.

The company, which was backed by Vice President Joe Biden and had promised to bring green jobs to Delaware, is now selling its cars for around $14,000 each, a significant markdown from their original price.

The bankruptcy comes after years of financial struggles for Fisker, which was founded in 2007 and received its loan from the Department of Energy in 2009. The company had planned to use the loan to revive manufacturing at a plant in Delaware and build its Karma electric sports car in Finland.


However, the company faced numerous setbacks, including production delays, recalls, and a fire that destroyed a number of its vehicles. In 2013, Fisker filed for bankruptcy and was eventually bought by a Chinese automotive company.

The bankruptcy is a blow to the Biden family, as Hunter Biden, the son of Vice President Joe Biden, was involved in the company and had a financial stake in it. Emails between Hunter Biden and Delaware officials suggest that the line between the vice president's office and his son's business ventures was blurred.

The bankruptcy also raises questions about the Obama administration's decision to invest in Fisker and other green energy companies. Critics have argued that the administration's focus on green energy was misguided and that the government should not be in the business of picking winners and losers in the market.

In other news, a new study by Dr. Peter McCullough and colleagues has found that the COVID-19 vaccines carry a much higher risk of blood clots in the brain compared with other vaccines. The study, which looked at reports in the Centers for Disease Control and Prevention's Vaccine Adverse Event Reporting System, found that there were over 5,000 reports of a brain blood clot event in those who received one or more COVID-19 shots.

The study's authors called for an immediate global moratorium on the use of COVID-19 vaccines, particularly for women of reproductive age, who are at a higher risk for certain blood clotting events. The CDC, however, has said that the COVID-19 vaccines are safe and effective and has encouraged Americans to get vaccinated.

Sources:
frontpagemag.com
rumble.com
noqreport.com












Latest News