An energy policy analyst thinks that Fisker Automotive's
decision to talk with other car companies about sharing parts and
technology is another sign of problems with companies that received
Fisker CEO Tony Posawatz would not say who the company is
talking to, but he does say that Fisker's plug-in hybrid technology
is valuable and the company could save money by sharing parts.
Tom Borelli, senior fellow with FreedomWorks, discusses the problem with this
"When you look at the whole electric vehicle, hybrid
vehicle arena in the car marketplace, it really is a marketplace
failure," he remarks.
"As we've talked about before, the Chevy Volt is far behind in
terms of what they wanted to sell to consumers -- and at this point
they're so heavily discounting the Volt that GM is losing about
$30,000 every Volt they sell."
In the case of Fisker, the Anaheim, California-based company
currently sells one model, the $100,000 Fisker Karma plug-in hybrid
sports car. The company is developing the Atlantic coupe, but the
sticker price on that model is $55,000 and Fisker has yet to say
when it will go on sale.
"And following that, I think just last week Consumer Reports had
a report, and they said that the car is just full of flaws," he tells OneNewsNow.
Earlier this year, a
Fisker Karma broke down on a Consumer Reports test drive.
The company was approved for a $529 million loan in 2009 but only
received about one-third of the funds after failing to meet sales
"It's clearly not ready for prime-time," Borelli says. "So it's
not surprising they're looking for partners, which is fine in the
private market space, but this is where government money should not
be mixed up in high-risk ventures like electric vehicles."