Word: loan
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...with which the screenplay shoehorns a token African-American couple - their buddy Shane (Faizon Love) and his new girlfriend Trudy (Kali Hawk) - into the cast. Shane, a recently divorced man with the belly of a woman fast approaching her fourth trimester, is introduced begging Dave to co-sign a loan for a hot motorcycle that is intended to impress Trudy, who is 20, has pink streaks in her hair and calls Shane "Daddy." (The old joke is that in horror movies, the African-American characters always get killed first. Here they are saddled with such unpleasant stereotyping that being taken...
...money is coming from the Advanced Technology Vehicles Manufacturing Loan Program, which was created two years ago as part of the bipartisan Energy Independence and Security Act of 2007. It was funded by Congress last fall to accelerate the production of fuel-efficient vehicles for mainstream Americans and reduce the nation's dependence on imported oil. (See the history of the electric...
...capital firms, whose partners include former Vice President Al Gore. "This investment will create thousands of new American jobs and is another critical step in making sure we are positioned to compete for the clean-energy jobs of the future," said DOE Secretary Steven Chu when he announced the loan to Fisker...
...hurt to keep at least a toe in Michigan. Tesla maintains a small office in the state, while Fisker has more than 200 engineers, 150 of them from suppliers, working at its engineering center in suburban Detroit. The Michigan connection was helpful when Fisker applied for the DOE loans earlier this year. As Gary Peters, the Michigan Democrat, said of Fisker's loan: "Propelling our auto industry into the 21st century is one key to Michigan's economic recovery...
Fisker plans to use $169.3 million from the Advanced Technology Vehicles Manufacturing Loan Program for engineering-integration costs as it works with suppliers to complete the Karma. However, the second stage includes a $359.36 million loan tied to developing and manufacturing a less expensive Fisker hybrid in the U.S., which has been dubbed Project Nina. His new company expects to build between 75,000 to 100,000 of these highly efficient vehicles starting in late 2012; the second-generation Fisker will be a relative bargain, with a price tag around $40,000. (See the 50 worst cars of all time...