News networks takes a shot at the green movement
Fox
News anchors aggressively attacked Fisker and Tesla -- two independent
leaders of America's growing electric car movement -- after the U.S.
Department of Energy granted the companies loans to help further expand
and commercialize promising products.
Leading
the attack was Fox News anchor Martha MacCallum who emphasized that Al
Gore had invested in Fisker, while failing to note that prominent
conservative Colin Powell was also an investor and strong supporter (to
Fox News' credit, the Wall Street Journal took a similar route).
However,
that was the least skewed portion of segment. Fox News and its
analysts went on to infer that Tesla and Fisker were not American
companies and had illegitimately obtained loans from U.S. taxpayers.
The commentators claimed that Tesla was based in England and Fisker in
Finland. They also criticized the vehicles for being too expensive for
"most Americans" to afford. Cheered by the Fox News anchor, hosted
analyst David Williams remarked, "This isn't going to help average
Americans. This isn't going to help the working class get these cars."
[video here, courtesy of Media Matters]
In both cases the
testimony was misleading. Tesla's European headquarters is indeed based
in Windsor, UK. However, the majority of its business is within the
United States, as is its international headquarters -- located in San
Carlos, California. Similarly, Fisker does have a Finnish connection --
its plug-in hybrid Karma sports car is being sub-manufactured by Valet
Automotive in Finland. Fisker's headquarters, though, is in Irvine,
California. Furthermore, the practice of outsourcing manufacturing is
commonplace among the U.S.'s larger automakers, GM, Ford, and Chrysler.
A recent study indicated that Toyota Motors -- a non-American firm has
in fact, the greatest amount of parts, monetarily, produced in the U.S.
The
$528.7M USD for Fisker and $465M USD doled out to Tesla hardly seem
egregious in comparison to the tens of billions that GM and Chrysler
received. Even Ford has received far more -- receiving $5.9B USD in the
most recent round of advanced technology loans.
Fisker chose
to put out a press release to try to correct these inaccuracies, while
declining to specifically target Fox News. CEO, Henrik Fisker writes,
"American automaker Fisker Automotive was recently approved for a
conditional loan of $528 million by the Department of Energy (DOE).
While news reports were mostly factual, some ignored or marginalized the
truth, or sensationalized irrelevant aspects of the loan and our
company."
The release emphasizes that the DOE funding will not be
used in overseas operations and will, in fact, help create or save
5,000 U.S. jobs. The company laments that the Karma is being assembled
in Finland, saying it only turned to outsourcing when no U.S. plant
would agree to produce the vehicle, likely due to its small production
numbers. It says that much of the loan money is going towards retooling
a U.S. assembly plant for its $40,000 plug-in hybrid (Project NINA) –
the facility will have the capacity to build 75,000 to 100,000 vehicles a
year by 2012. It also states that it is confident that it will be able
to repay taxpayers, with interest.
Fisker concludes, "It is
unfortunate how false information can be disseminated and it is our
intention to correct as much of it as possible."