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Fisker Automotive Moves East


Posted Monday, October 26, 2009 - 5:04pm

Fisker Automotive will be building a snazzy and expensive luxury sports car in Finland, but the $500-plus million it recently gathered in Department of Energy loans will evidently be put to use in ... Delaware! That’s because Fisker is looking to sign a deal to take over an idled General Motors (MTLQQ) plant that formerly assembled Pontiac Solstice and Saturn Sky roadsters.

  • Matthew DeBord has written about the auto industry for the Washington Post, the New York Times, the Los Angeles Times, and the Huffington Post. Follow him on Twitter.

Why Is Toyota Selling a $400,000 Car?


Posted Monday, October 26, 2009 - 2:59pm
Toyota Motor's Lexus luxury brand, 'LFA' by KAZUHIRO NOGI/AFP/Getty Images.

By now, we should all be familiar with Toyota’s woes. No sooner did the automaker finally ascend to the No. 1 global spot, displacing General Motors (MTLQQ), than it began to hit speedbumps and potholes. There were historic financial losses, lawsuits, and embarrassing, tragic recalls. At one point, it was widely believed that Toyota could do no wrong. All of a sudden, it could do no right.

  • Matthew DeBord has written about the auto industry for the Washington Post, the New York Times, the Los Angeles Times, and the Huffington Post. Follow him on Twitter.
Toyota Motor's Lexus luxury brand, 'LFA' by KAZUHIRO NOGI/AFP/Getty Images.