Electric Car Breakdown

Get ready for the finger-pointing. Fisker Automotive, the startup car company that received government loans, is on the brink of bankruptcy. Since receiving a federal loan in 2009 of $529 million, Fisker has repeatedly been in the news for missing production targets, car breakdowns, and repayment deadlines. The failure of Fisker highlights the difficulties of a startup in the competitive car market, as well as the difficulties in persuading the American consumer to buy electric cars.