What do Obama supporters, crony capitalism, green energy, and bailouts have in common? They have the unique ability to pick losers…and their cars suck. They’re, also, expensive, dangerous, and no one wants them.
So, no surprise here. Another giant FAIL Obama can add to his growing list of losers: the electric-hybrid Fisker Karma. With a price tag of $107,850 you can own a green car that Consumer Reports says functions only in Park and Neutral. Amazing…$528.7 Million of taxpayers’ money couldn’t make a car that goes forward or reverse.
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Via Drudge, according to Consumer Reports,
Our Fisker Karma cost us $107,850. It is super sleek, high-tech—and now it’s broken. We have owned our car for just a few days; it has less than 200 miles on its odometer. While doing speedometer calibration runs on our test track (a procedure we do for every test car before putting it in service by driving the car at a constant 65 mph between two measured points), the dashboard flashed a message and sounded a “bing“ showing a major fault. Our technician got the car off the track and put it into Park to go through the owner’s manual to interpret the warning. At that point, the transmission went into Neutral and wouldn’t engage any gear through its electronic shifter except Park and Neutral.
We let the car sit for about an hour and restarted it. We could now engage Drive and the same error message disappeared. After moving it only a few feet the error message reappeared and when we tried to engage Reverse the transmission went straight to Park and again no motion gear could be engaged. After calling the dealer, which is about 100 miles away, they promptly sent a flatbed tow truck to haul away the disabled Fisker. We buy about 80 cars a year and this is the first time in memory that we have had a car that is undriveable before it has finished our check-in process.
Real venture capitalism evaluates companies for their product quality and viability, business plan, development costs, and manufacturing difficulties. Participants of crony capitalism just evaluate their donor list.