Monday, February 06, 2012

Most awesome investment ever.

Fisker lays off workers in Delaware, Calif.

"A cash crunch has forced Fisker Automotive to lay off some employees at the former General Motors plant near Newport that is being refurbished as its U.S. manufacturing base."

The long and short of this is - Fisker is required to sell a certain amount of cars to get the next tranche of funding from the government. Only - they have been revising down how many cars they are going to be able to sell. Here.

And now they are laying off people. So presumably they will die. I mean, eventually there has to be a point where the government can't continue funding them. Right?

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