I recently wrote a short piece about the Fisker automobile – being backed by our government’s $529,000 loan guarantees – in Down the Drain – A Prediction. Well, it looks like there’s already a problem with this $103,000 luxury car. All 239 cars have been recalled because of a potential fire hazard.
There are recalls all the time by automobile companies but this is one helluva way to start a new company – with the help of U.S. taxpayers!