Karma’s a Botch.

By: Steve Maley (Diary)  |  October 24th at 01:00 PM  | 

Last week, we heard about the Fisker Karma, the new electric vehicle being built in Finland using a $529 million loan from U.S. taxpayers. Beneficiaries of this deal include one Albert Gore, partner in the “green” venture capital firm Kleiner Perkins Caufield & Byers. Now Forbes contributor Warren Meyer weighs in with an analysis of the Karma’s true energy efficiency, rate in miles-per-gallon equivalent according | Read More »

$529 Million Loan for Al Gore’s Hybrid Sports Coupe

By: Steve Maley (Diary)  |  September 25th at 01:30 AM  | 

What’s the most laughably outlandish angle of this story? That the U.S. Government is loaning Nobel laureate Al Gore and investment bank Kleiner Perkins $529 million to build a car, and – It’s a hybrid electric sports model, and – It will cost $89,000 a copy, and – It will be made in Finland. We’re also loaning Tesla Motors $465 million to build a $109,000 | Read More »