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Public Statements

The Hill - Fisker's Sale to Chinese Firm Better than Collapse


Location: Unknown

By Rep. John Campbell

I understand why Sens. John Thune (R-S.D.) and Chuck Grassley (R-Iowa) are upset about the possibility of Fisker Automotive being sold to a Chinese company ("Thune, Grassley against Fisker sale to Chinese company," Feb. 20), but I respectfully disagree with their conclusions.

It is clear that Fisker needs substantial capital partners in order to remain solvent and continue operations. I did not support the Obama administration's green energy loan program and still believe it was a bad idea. However, the fact of the matter is that the best way for Fisker to pay the taxpayer back is by means of raising capital through a strategic partnership.

Now, I'd much rather that partnership be made with an American company. However, if a foreign partner makes Fisker viable and prosperous, the establishment of that partnership then is clearly in the best interest of the American taxpayer -- not to mention those that hold the many jobs that Fisker creates in this country.

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