Editor’s Pick “Fisker spent a stunning $900,000 for each vehicle it produced,” PrivCo chief executive Sam Hamadeh told me. “Then they sold them to dealers for an invoice price of just $70,000.”
It’s not impossible for companies to do social good while remaining good businesses. But why is it so hard to convince the broader business world that this is true?
Later this year, Saudi Arabia is expected to approve very ambitious plans for a massive array of renewable energy projects. The first installations should be completed next year.
Willy Shih, a professor at Harvard University, warns that manufacturing is key to the economy and the country should do what it can to hang onto it.
Guest Post Remember Solyndra? The thin-film solar cell company, founded in 2005, won $535 million from the government under the Department of Energy’s loan guarantee scheme in 2009 for being an innovative new solar tech company that could create jobs and help make America’s future green. Two years later, when its technology was beaten by a cheaper competitive technology, it filed for bankruptcy and laid off 1,100 people.
Government-backed electric car company Fisker Automotive is delaying plans for production after missing its early manufacturing goals. According to a report by the Washington Post, the delays are being blamed on regulatory issues, and the company is brushing off any comparisons to Solyndra, another clean-energy company that received half a million in government loans, which filed for bankruptcy in September.
A wave of anti-science sentiment in the U.S. government — through the lens of ignoring global warming and a reliance on fossil fuels — could hamper innovation in the clean technology space, Kleiner Perkins Caufield & Byers partner John Doerr (pictured right) said.
A glut of photovoltaic solar panels on the market has caused solar cell manufacturer Solyndra to go under. The company filed for bankruptcy and laid off 1,100 workers this morning.