The once-great promise of Fisker is gone, and unless it pulls off a miracle, it could go down as a repeat of the Solyndra fiasco: a symbol of poorly thought out federal loans and too much ambition.

In 2009, Fisker Automotive was an exciting company: With Detroit in shambles and a huge loan from the federal government, the startup automaker had plans to change the industry.

It was going to build 100,000 cars a year in Delaware and save or create 5,000 jobs. The Karma, its gorgeous, extremely efficient plug-in hybrid electric car, was on the way.

It landed a cover story on Forbes magazine in May, with the title, “The Next Detroit.” Justin Bieber and Leonardo DiCaprio were huge fans.

But today, no Karmas are being built.

…….an annotated great photo display of  the story of Fisker HERE