Drudge Retort: Red Meat for Yellow Dogs
Saturday, September 26, 2009

A tiny California car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

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This is nothing that couldn't be cured with with some piano wire and gasolinem and a cheering crowd.

We are living Atlas Shrugged.

"We are living Atlas Shrugged."

You should stop reading comic books, Murphy.

.. Scott Redmond, CEO of XP Vehicles Inc., said he met with DOE officials twice in Washington after applying for a $40 million loan to develop a $15,000 to $25,000 hybrid, and that both times he was told his application looked good. Since receiving a rejection letter from DOE in August, Redmond said, he has been unable to get a full explanation as to why his request was turned down.

Mr. Rogers said he was not at liberty to discuss individual applications that had been turned down, but said the process has been handled fairly and objectively. ..

Interesting.. check out their ex-employee Randy Mui on linkedIn:
Managing Director
Active Solutions
(Market Research industry)
1999 Present (10 years)
High tech consultant specializing in business development and marketing. Consulting services provided to the semiconductor, optical communications, machine health, sensor, metrology, and water industries. Clients have included SEMI, Avanex, Bandwidth9, EquipnetUSA, Photon Dynamics, and Metara Inc. Currently, assisting a client to develop metrology solutions for use in safeguarding drinking water production.

CEO
XP Vehicles, Inc.
(Privately Held; Automotive industry)
2008 2009 (1 year)
XP Vehicles, Inc. is an early stage, electric powered automotive start up, using inflated membranes to enable a safe, durable, and energy efficient vehicle.

Executive VP and Chief Operating Officer
RAE Systems
(Public Company; 501-1000 employees; RAE; Electrical/Electronic Manufacturing industry)
2003 2008 (5 years)
Global responsibility for product marketing, marketing communications, product certification; US, Canadian, and Latin American sales, two tier channel management of over 130 distributors, distributor service centers, profit and loss, and US engineering.
Directly responsible in 2008 for over $45M in company revenue at 15% operating margins.
Initiated or oversaw the development of most of the processes used in sales, sales compensation, channel management, service, product marketing, product roadmaps, promotion, product development, budgeting, web strategy, and staff recruiting and development.
Managed a direct staff overseeing a 130 person organization.
Motivated the organization through a clear vision, open door policy, twice daily tours through the facility, weekly staff meetings, monthly company meetings; monthly lunches with a cross section of employees from the organization, recognition programs, fair compensation, career planning, and achievable objectives.

VP, Marketing
Metara Inc.
(Electrical/Electronic Manufacturing industry)
2001 2003 (2 years)
Responsible for the company's product marketing, corporate marketing, Marcom, business plans, and Asian sales, including:
Product roadmap, sales collateral (brochures, videos, Q&As, etc), cost of ownership analysis, and competitive analysis;
Investor collateral including business plans, due diligence packages, corporate presentations;
Primary interface with Asian distributors and sales, including such customers as Toshiba, NEC, Fujitsu, TSMC, Chartered, among others.

VP, Marketing
Crossbow Technology
(Electrical/Electronic Manufacturing industry)
1999 2001 (2 years)
Responsible for the company's product planning, product marketing, Marcom, and partners programs.
Co-developed the first wireless data acquisition sensor product (CN1000LX) based upon the emerging Bluetooth specification, resulting in orders with industrial automation OEMs and Fortune 500 end users.
Secured over 10 feature editorials and 50 product highlights in various trade publications, since Aug 2000.
Developed strategic partnerships with over 20 companies, including Analog Devices, Arthur D. Little, Cyrano Sciences, Datastick, Extended Systems, and Smart Signal.

Director, Strategic Marketing
Lam Research
(Public Company; LRCX; Semiconductors industry)
1995 1999 (4 years)
Responsible for the strategic forecast and positioning of the company's industry and market share statistics.
Built the strategic marketing organization and developed process for SAM and market share, quarterly forecast reconciliation, technology assessment, corporate benchmarking, competitive and industry analysis.
Managed the positioning of the company's industry statistics for investor conference calls, the annual meeting, corporate presentations, and roadshows.
Prepared due diligence analysis for the $310M acquisition of OnTrak Systems.

Product Manager
Photon Dynamics
(Public Company; PHTN; Semiconductors industry)
1994 1995 (1 year)
Expanded Photon's business in the optical inspection of flat panel display (FPD) cells and modules. Responsible for market development, product positioning, the product roadmap, sales collateral, and priorities.
Grew the product into the dominant worldwide market share leader with over 50% market share.
FIS-100 recognized as one of the ten best metrology products by Test and Measurement World in 1994

Product Manager
Watkins Johnson
(Public Company; Defense & Space industry)
1982 1994 (12 years)
Expanded WJ's business in atmospheric chemical vapor deposition (APCVD) reactors for active matrix liquid crystal displays (AMLCD) applications.
Authored WJ's AMLCD CVD business plan, which resulted in sales of over $10M within the first year.
Managed the design, development, production, marketing, and delivery of the first WJ 16CVD in under six months, resulting in a product with over 70% gross margin.

Head, ATE Systems Engineering Section, Test Systems Department, San Jose (1985 to 1992)
Responsible for WJ's automated test system and electromagnetic susceptibility products, with a staff of 35 engineers/technicians.
Led the development team and marketing effort capturing 25% of the High Power EMS Test market.
Managed ad development and placement, trade shows, field sales, and distributors.

Member of the Technical Staff, Microwave Amplifier Department, Palo Alto (1982 to 1985)
Developed CAD tools to support graphical circuit layout and pattern generation and CAE tools to model the performance of GaAs semiconductor devices/subsystems.
Automated testing of the WJ RF Processor and Data-Link for the AMRAAM Missile.

and in the face of bullshit like this deal

dems STILL refuse to do whats needed when it comes to their BUDDIES like this

www.newsmax.com

They owe Al Gore big time. Isn't he the guy who invented global warming?

Government loan?

Did they read Matthew Lesko's book or something?

I wonder if people like AFK know the difference between a loan and a grant.

Didn't Obama say he would stop rewarding companies for moving jobs overseas? Why not loan the money to a company who will build the cars here?

Al Gore is getting revenge now for not being able to steal the 2000 election in Florida. "The country will pay a huge price for not electing me", said Algore.

#10 | Posted by fwthom at 2009-09-26 04:55 PM | Reply |FLAG: I heard about it @ FOX

It is amazing that the pants pissers get so bent out of shape when some 'friend of Al Gore' gets a loan but had orgasms of delight when Jeff Gannon's idiot girlfriend gave half a trillion dollars away in no-bid contracts to his buddies.

Get a life, losers. Your side lost. Go bitch on the Rtard blogs. We are sick of your pathetic whining. Keep in mind that the Death Panels are monitoring all the internet and deciding on which of you conservative terrorists will be butchered and ground into cat food first!!!!

Didn't Obama say he would stop rewarding companies for moving jobs overseas? Why not loan the money to a company who will build the cars here?

#9 | Posted by JOE at 2009-09-26 04:49 PM

Fisker said most of its DOE loan will be used to finance U.S. production of a $40,000 family sedan that has yet to be designed

It helps if you read past the first paragraph. Speaking of first paragraphs, this article wouldn't have a political skew to it, would it?

Get a life, losers. Your side lost.

"...Even though you didn't vote for Obama, you are riding this train to hell with those of us who did whether you like it or not!"

FTFY

Get a life, losers. Your side lost.
#12 | Posted by axe

Since when did that mean that one side gets to spend unlimited amounts without restraint or question? Last time I checked we live in a democracy, and everything is open to question.

What's the matter axe, can't defend the 'shovel' stimulus, as if the time for dissent is over forever?

Since when did that mean that one side gets to spend unlimited amounts without restraint or question? Last time I checked we live in a democracy, and everything is open to question.

Except flag lapel pins.

Agreed!!

anyway I am all for developing electric cars. But why the heck should one company get over 500 million dollars?

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