16 Fisker Karmas Fall Victim To Sandy's Storm Surge

For luxury automaker Fisker, things just go from bad to worse.

While hurricane Sandy has caused more pressing issues for the East coast and its residents than a few submerged cars, images of sixteen destroyed Fisker Karmas will do nothing to ease nerves at the troubled firm.

Worse still, the images on Jalopnik show several of the Karmas to have caught fire and burned to the ground.

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Northstar - 10/31/2012 10:56:03 AM

+2 Boost

One would expect that they used some of our funds to buy some insurance to cover losses like this. Bigger issue is why the spontaneous combustion .... yet again? Instead of investing in companies that offer products to consumers, why doesn't the government set a goal to make the military imported oil free. That would develop these technologies to the point where they then could be commercialized. Like the NASA moon goal in the 60s gave us so much tecnology that private industry applied.

vdiv - 10/31/2012 2:46:47 PM

-1 Boost

The oil market is global. Our military is also global. Our country and our companies compete on a global scale with companies heavily subsidized by their respective governments. To say that we can be competitive in such a global market place that is akin more to the Wild West than some idealized planned command economy without the occasional help is crazy.

Northstar - 10/31/2012 5:50:54 PM

+1 Boost

Because Fisker was initially funded by Kleiner Perkins, a venture capital firm whose principals funded Obama's campaigns. It is called crony capitalism;you help me,I'll help you regardless of the merits of your business. See Solendra, et.al. Obama's supporters don't like fossil fuels so they want to see these kinds of businesses, regardless of whether the customers want their products. Tax rebates to product purchasers further help these companies. And still the masses won't buy them.