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November 09, 2012 AT 8:11 AM
New York Governor Andrew Cuomo's latest damage estimate for Hurricane Sandy to the region is $50 billion. A part of that is the estimated 250,000 cars that will need to be scrapped due to flooding and other damage. One company, Fisker, lost $30 million worth of unsold Fisker Karmas at the Port of Newark alone. Patrick Jones reports.