UBER rich

And now the Wall Street automotive report, sponsored by Country Saab.

Al Gore started it, Bush approved it and Obama signed it.

Last week, the US government approved a $528 million loan from the U.S. Energy Department to Fisker Automotive Group, a start up automotive company based in California.

The car Americans are investing in costs $89,000, reach top speeds over 150MPH and go 330 miles without a charge.

A Toyota Prius for the UBER rich.

Production is being planned in Finland some 4200 miles away from Washington DC.

But no worries folks, the 528 million are part of the billions in TARP funds we put on the coffee table sometime last November.

They say good things happen to those that show up... Fisker wasted no time, with check in hand even Walt Disney couldn’t top the joy Fisker executives experienced on their way home.

This is Robb LoForese

WTBQ - "Our Town" Morning Show

Weekly WSA Feature - Each morning on WTBQ 1110AM and 99.1 FM

October 13, 2009

V.O.> Robb

And now the wall street automotive report sponsored by Country Saab of Orange County

What’s in a number? Well if you’re in the auto industry… numbers (after great products) are really all you have..

Over the next few weeks, Ford Motor Company will announce its 3rd quarter results … and guess what ..

Ford’s numbers will be very strong.

That’s because a few years ago.. Ford’s great grandson hired Alain Mulany as his CEO and unlike many CEO’s on Wall Street; Mr. Mulany did exactly what Chief Executives are paid to do…

Improve the numbers.

And he’s just getting started…

In the past investors talked of “blue chip” stocks, however today you would be hard pressed to find any formal definition..

So please let me provide one.

Blue Chip..

Defined within a Big Blue Oval,

Called Ford Motor Company.

This is Robb LoForese