Mar 08

Automotive News reports:

DETROIT (Reuters) — A $100,000-plus Fisker Automotive luxury car died during Consumer Reports speed testing for reasons that are still unknown, leaving the struggling electric car startup with another blow to its image.

“It is a little disconcerting that you pay that amount of money for a car and it lasts basically 180 miles before going wrong,” David Champion, senior director for the magazine’s automotive test center, told Reuters.

Fisker has benefited from the publicity generated when actor Leonardo DiCaprio was handed the first Karma last summer and pop idol Justin Bieber received one as a gift this month.

The breakdown of the Consumer Reports car is more bad news for a company that already recalled some Karmas. Fisker also has changed its CEO and halted production over the past month as it seeks to renegotiate the terms of a $529 million loan from the U.S. Department of Energy.

One of Fisker Automotive’s primary financial backers is venture captital firm, Kleiner Perkins Caufield & Byers, of which Al Gore is a partner.  Fisker also received a $528.7 million conditional loan from the Department of Energy’s Advanced Technologies Vehicle Manufacturing Loan Program.  That’s a LOT of money to produce only 200-300 cars thus far, some of which seem to  be lemons.

This is the same company that last year caught flak because after it secured the US government financing, started assembling their cars in – Finland.

By the looks of things, Fisker Automotive seems headed for the same fate as Solyndra.

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Sep 29

This story broke a few days ago, but here’s some video via Fox News:

The Wall Street Journal noted that not only is Al Gore a partner in the Kleiner Perkins Caufield & Byers venture capital firm that is a top investor in Fisker, but Gore is also one of the first people in line to receive delivery of one of these $89,000 hybrid sports cars:

The Karma will target an exclusive audience — Gore was one of the first to sign up for one. Mr. Fisker says all new technology starts out being expensive. He pointed to flat-screen televisions that once started at $25,000 but are now affordable to the mass market.

The four-door Karma, powered by a lithium-ion battery, will be able to run solely on electric power for 50 miles, and will achieve an average fuel economy of 100 mpg over the span of a year, the company says. Production is scheduled to start in December, with about 15,000 vehicles a year expected to hit the U.S. market starting next June.

Many of the 1,500 people who have made deposits on the Karma are former BMW and Mercedes owners who want an environmentally friendly car without sacrificing luxury, Mr. Fisker said.

He said he pitched the Karma to Mr. Gore at an event hosted by KPCB last year, and that the former vice president almost immediately submitted a down payment for the car.

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Jun 02

At his Green Hell Blog, Steve Milloy says:

Al Gore’s venture capital firm has invested $6 million in a software company that stands to make billions of dollars from cap-and-trade regulation — further fueling controversy that Gore lied about his profiteering from cap-and-trade to Rep. Marsha Blackburn (R-TN) and the House Energy and Environment Subcommittee during testimony in April.

Hara Software sells software to help track greenhouse gas emissions. The market for such software is now about $2.5 billion dollars in size, and is expected to grow by a factor of ten to $25 billion if cap-and-trade legislation is enacted, according to Hara CEO Amit Chatterjee.

Kleiner Perkins, a venture capital firm in which Al Gore is a partner, invested in Hara just last year. Chatterjee told Reuters that,

“This company would not have existed if Al Gore had not bought off on the idea.”

Gore is also under fire for lying to Rep. Steve Scalise (R-LA) at the same congressional hearing about his relationship with Goldman Sachs.

Operating as a stealth tax, cap-and-trade will make the vast majority of Americans poorer and less free — but Al Gore, Kleiner Perkins, Amit Chatterjee and Hara will be laughing all the way to the bank.

If there’s anyone out there who still doesn’t believe that Al Gore will profit when the solutions he’s pumping are implemented, here it is from the horse’s mouth at his 2008 TED presentation.  As pretty pictures of Gore’s idea of green energy whiz by with prominent logos of Big Green corporations, i.e. Fisker Automotive, Smart (Car), Global Electric Motors (GEM), Amyris, Altra Biofuels, Mascoma, Sryia, GreatPoint Energy, AltaRock Energy, Inc., Bloom Energy, MiaSolé, and Ausra, Al Gore discloses:

Here are just a few of the investments that I personally think make sense.  I have a stake in these, so I’ll have a disclaimer there.

Here’s a video excerpt.  See it with your own eyes:

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