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| What a wreck |
From the Washington Times:
It’s official: Taxpayers aren’t going to recoup the $139 paid into the failed Fisker Automotive company that went bankrupt because it was just bought up by a Chinese parts dealer, the Wanxiang Group.The few Fiskers that were actually built were manufactured in Finland.
The China company bought Fisker for just over $149 million at a recent U.S. bankruptcy auction, Fox News reported.
Plans are that Wanxiang will turn around and start selling the same car, albeit a bit changed model, back to U.S. markets by the end of the year. The company will also reach out to Europe for new sales, Fox News said.
Debacle.
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