Saturday, July 6, 2024

Biden's $500M Bankrupt Electric Car Company Selling Cars At 80% Off

Not so much for the American public, but Hunter did get a nice car out of it.

The Fisker Karma was more than just another sports car.

The then vice president made no mention of Hunter's business interests, Fisker's backing by Al Gore's venture capital fund or that the $170 million remainder of the loan would be going to build Fisker's 'Karma' cars in Finland.

After Fisker's loan had been secured, Wayne Kimmel, Hunter's childhood friend and a venture capitalist, who along with Hunter had cosponsored an inaugural breakfast to celebrate his dad's new job, emailed Hunter to ask for an introduction to Chris Heinz, John Kerry's stepson and a co-founder of Hunter's Rosemont Seneca firm, to discuss Fisker.

The Delaware launch, attended by Joe Biden, was ultimately going to benefit Hunter Biden's company.

Joe Biden invited two executives from Wanxiang, a Chinese automotive company that would gobble up Fisker, to the White House.

America's auto industry is going to reclaim its success by spending hundreds of millions to finance building European cars in Europe that nobody wants anyway only to have the whole company go bankrupt. 

https://www.frontpagemag.com/bidens-500m-bankrupt-electric-car-company-selling-cars-at-80-off/ 

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