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45 Comments
- RealmDown, on 10/29/2009, -3/+19At $40,000 (minimum) this is a perfect example of why "affordable" is in quotation marks.
- TimtheTaxMan, on 10/29/2009, -4/+19This is why we should have just let GM fail. Entrepreneurs will pick up the pieces and use them to create new and better cars.
- cojones, on 10/29/2009, -4/+16really? 40k affordable? This is why the auto industry is failing as a whole
- LeadMeOn, on 10/29/2009, -0/+8Seriously, $40k is not affordable! DO they not look at the stats of what the average american is making now a days IF they still even have a job?!
- cplusplus, on 10/29/2009, -0/+7Fisker? I hardly know her!
- Jektal, on 10/29/2009, -3/+9It's a state-of-the-art electric car, not a Geo Metro.
- SP1620, on 10/29/2009, -0/+6Stop complaining people, any new technology is expensive at first, fact is this will create a lot of jobs (in the US) and further advance extended range electric vehicles. 32,500 with the government rebate is pretty reasonable for an EREV considering the money saved in gas and maintenance .
- BotchaMcCoola, on 10/29/2009, -0/+6But that is priced in the new lighter-weight dollars. You get more of them to a pound.
- prakash1234, on 10/29/2009, -4/+9a new york company with $33 million is building $14k electric cars with india's reva technology. You dont need $500 million from US energy dept to algore's company to make a car.
its more looting in the daylight in the name of 'green'
welcome to war on carbon, an unknown enemy. - moulinneuf, on 10/29/2009, -1/+6
Got a link and a name to it ? The car not to your nonsense *****. - Moralogic, on 10/29/2009, -0/+5Given savings over time, the car has to be at most $30,000 and last 15 years to qualify as affordable for the average person. Now if they get below $30,000, then great, $12,000-$20,000 should really be their goal if they want to take over the industry. We really need to work on getting a electric infrastructure made though.
- rmxz, on 10/29/2009, -0/+4$40K affordable cars and $4 coffee at starbucks makes me thing the housing bubble wasn't actually a bubble, but rather just a slightly leading indicator of the falling value of the dollar.
- jeffwmartin, on 10/29/2009, -0/+4$40K is still not an affordable car. It may be cheaper than other plug in hybrids, but it's not in the affordable category yet. When I bought my last car, I seriously looked at hybrids. I did the math and the premium you pay for the hybrid is not returned in gas savings. And this was when gas was $4/gallon. The plug in hybrids may be able to make up the difference, but until they can sell one in the $20-26K range, it's not going to be affordable for most new car shoppers. Personally, I've never spent more than $16K on a car (used VW Jetta) and my income is above average.
- TimtheTaxMan, on 10/29/2009, -2/+5I know what GM is.
Loans are typically how entrepreneurs start out.
This is just an example of what can happen when big companies fail. The market will decide if Fisker’s cars are good enough.
The market decided that GM’s were not, but no one wanted to deal with the political or social fallout of those consequences, so as a result we have a zombie corporation for the foreseeable future. - Jektal, on 10/29/2009, -1/+4[citation needed]
- buzaman, on 10/29/2009, -0/+3@Jektal
http://money.cnn.com/2009/10/27/news/companies/fis ...
The half Billion dollar Fisker kick-back is mentioned at the end of the article. We'll be seeing another article in about 5 years "Fisker bankrupt sites poor market conditions and reluctant consumer". - roijen, on 10/29/2009, -0/+3Moulinneuf you are right for the most part but wrong about your "give 528 and they will deliver a working car inside 3 months".
Cars do actually take time to develop. The plant needs to be built, the tooling all needs to be built. Then the entire car needs to be designed. Then the car needs to go through validation steps to ensure it meets its targets. All of this take some time. The timeframe for the NINA project seems to be very competitive with what established car companies are doing. - Mujokan, on 10/29/2009, -0/+3This isn't a plant for the Fisker Karma, it's for a new design.
- jeffwmartin, on 10/29/2009, -0/+2$40,000 for 60 months @ 1.9% would be $699.36. I'd say pulling $650 out of thin air isn't really atrocious, it's pretty ***** good. And since he said he put a few grand down (assume $3,000), check out $37,000 for 60 months @1.9%...$646.91. What are you basing your math on?
- thebreach, on 10/29/2009, -0/+2In my eyes why cant they make something basic like a Metro that is electric? Last I checked individuals have been making electric cars out of gas powered ones for years, it cant possibly be that hard to do, especially if you have a bankroll.
- diulei, on 10/29/2009, -2/+4Hm, $40K. My car was in the mid-$20Ks and I consider that a splurge... my payments are $500 a month and I put a few grand down. $40k would probably come out to $650. Yea, not so affordable. Going to need some bigger quotes.
- Cantholditdown, on 10/29/2009, -0/+2The Reva is the size of a Golf Cart and goes about 40MPH tops. Not exactly a daily driver
- diulei, on 10/29/2009, -0/+2Sure is, considering I didn't mention anything about interest rates, a down on the $40k, or the term of the loan, sir math nazi. Your estimation would be?
- diulei, on 10/29/2009, -0/+2It's not complaining, it's that a $40,000 vehicle AFTER tax credits is not affordable to 90%+ of the population so they shouldn't be calling it that.
- nickaster, on 10/29/2009, -0/+2Seems pretty risky for a company that has yet to produce anything. But I'm happy to let the experiment roll, so to speak
- Mujokan, on 10/29/2009, -0/+1Weird, I just mentioned this in another thread 10 minutes ago. It must be electric car day on Digg. But anyway they said they were going to refit a car plant in the eastern US when they got the stimulus money -- so it's not unexpected.
- thebreach, on 10/29/2009, -0/+1Good thing I have $40,000 laying around for a rainy day, and a good credit score in case I need a loan even though I lost my job forever, because my score totally didn't freefall 150 points in 3 months making me ineligible.
Oh wait...
My BS aside Im glad there is still an active push for hybrids and electrics, but they are doing so that is financially not viable in this ***** economy we have going. If they were smart they would build something like an original VW Beetle that is fully electric. No frills, no *****, no power anything except steering and brakes, 4 wheels and some seats, just the basics. Id bet they could build something for 10k or less if they really wanted to. - SP1620, on 10/29/2009, -0/+1Didn't catch the 39,900 after rebate part, I must have been thinking of the chevy volt. Still any competition in electric vehicles is good...
- diulei, on 10/29/2009, -2/+3Way to miss my point entirely. The point I was trying to make is that $40,000 AFTER taxes is nowhere close to "affordable" for the vast majority of the population, not what class/type of car it is.
- buzaman, on 10/29/2009, -0/+1@Diulei
http://www.caranddriver.com/var/ezflow_site/storag ...
It's a more high end car from the looks of it, Lexus/Audi like. - moulinneuf, on 10/29/2009, -4/+5
1. What is GM? Obviously you have no idea. ( it's not a simple cornership dealer with some assembly plant all over the country )
2. Entrepreneurs like Fisker received 529 million in loans to do this :
http://earth2tech.com/2009/09/22/fisker-scores-529 ...
3. The pieces are all availaible but most of them are made up of people and those are not back at work or will ever be. Most shop are not being picked up by entrepreneurs.
4. Fisker Karma is not new or better, it's a luxury Hybrid
http://en.wikipedia.org/wiki/Fisker_Karma
http://karma.fiskerautomotive.com/
Give 100k to other exisiting car company per car and 528 million in easy loan they will deliver a working car inside 3-6 month. - Cantholditdown, on 10/29/2009, -1/+2It's nearly twice as expensive as a prius!! WTF
- thebreach, on 10/29/2009, -0/+1Though the only reason most people could "afford" such things was purely on credit, which as we know for sure was not a system that could go on forever. Something had to give, and it did. And still is.
Now it is all in a freefall to the bottom. - ramfire98, on 11/06/2009, -0/+1Not to be a nit, why Wilmington? Detroit is the one that is in crapper...
- FauOz, on 10/30/2009, -0/+1They know how to get that Govt incentive money! Perhaps another Delorean motor car ? Hybrid this time
- JCEEZ, on 10/29/2009, -0/+1I guess the point I was trying to make is that there's a difference between an "affordable" car and a "budget" car. I'd put a $20,000 car into the budget car category and $40,000, while not affordable to many, is still affordable, when considering other choices out there.
- etx313, on 10/30/2009, -0/+1Umm, It's not a GM dude.
- FordSVT1, on 10/30/2009, -0/+1Digger comments in article A fwapping all over a $50k Tesla sedan and lamenting government bail outs.
Digger comments in article B calling GM dinosaurs and morons for daring to introduce a $40k electric sedan.
Some of them are even the same users. Nice. - etx313, on 10/30/2009, -0/+1F Tesla in the A. Fisker has it figured out. And their cars don't look like they were assembled by 5 year olds!
- SpinozaQ, on 11/04/2009, -0/+1If it wasn't that hard, and the car was able to priced competitively, and appealed to a large market, it would already be done. ( Maybe there are a few less battery cars because of the NiMH Chevron fiasco... but lets move on from that. )
Those "conversions" that people do from gas to electric typically cost a fair amount of money when actually priced out. Often times people use "parts on hand" or other used items, or things they already own.
The first marketable issue is range. Those conversions go 20 miles at best. ( most are using lead acid batteries, anything else is _really_ expensive. ) That's just not marketable for a family to buy.
It's really a catch 22. If you raise gas prices by taxing it you open the market for EV wide open, at the expense of the economy in general. If you keep gas cheap, as we have, the EV market is slow to develop. - askantik, on 10/30/2009, -0/+1*****, I ***** fail. Assume I was talking about the Volt then ;) And then my plug (pun intended) for the Leaf still applies. Either way, $40K isn't "affordable," am I right?
- moulinneuf, on 10/29/2009, -5/+5@TimtheTaxMan
1. No you don't, you don't allow the GM of this word to fail. They are more important then banks.
They actually create a real product, people use everyday.
2. No most entrepreneurs ( individuals) start with an idea and personnal fundings. Corporation and company start with loans.
3. Most company fails ( you ever taken a real business class ? )
4. "The market" decide nothing, it's an economic indicator on a subset ( car market here ), People, Governement, Corporation who buy do.
5. There are tons of GM cars in fleets and on the street in many country worldwide , that provve you as wrong and false.
6 GM problem was it's management loosing touch with reality, paying themself un-deserved salary and creating too many cars most people can't afford ( compare corvette price over the years to now. )
If no one wanted to deal with the political and social fallout why where they saved and bailled out ?
GM produce zombie ? Remember I said "What is GM? Obviously you have no idea." , you just completly confirmed that.
You know what your problem is your lack of education , you think Taxes are your money and that buying a 900 plus Billion company for 250 billion is a bad deal. Buy on the low sale on the high.
Fisker karma sales = 0
GM Sales = millions over many brands ...
Think about that on your own , instead of listening to morons ***** on certain USofA and other channels. - JCEEZ, on 10/29/2009, -2/+2It's a different class of car. You can get a Kia for <$12,000. Would you compare that to a $40,000 BMW?
- askantik, on 10/29/2009, -2/+2Rather have a Nissan Leaf than some GM crap that will require a visit to the shop every 1000 miles. That and the fact that a Nissan Leaf probably won't cost near 40 grand since Nissan says it will be "similar in cost to a comparably sized car" (which would be something like the Versa, under $20,000). And the Leaf is fully electric.
- firewall1, on 10/29/2009, -3/+1diulei,
Your math is atrocious.
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