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Fisker Secures $115.3M in Private Equity Funding; Necessary to Access $528.7M DOE Loan

Green Car Congress

Fisker Automotive last week secured access to an additional $115.3 This funding is necessary for Fisker Automotive to access a $528.7 million US Department of Energy conditional loan that will, in part, help speed completion of the Fisker Karma, the company’s first plug-in hybrid. A123 is also investing $23 million in Fisker.

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DOE Closes $465M Loan to Tesla Motors

Green Car Congress

This is part of a sustained effort to develop and commercialize technologies that will be broadly deployed throughout the American auto industry. Volume production of the Model S is planned to begin in 2012 with a target production capacity of 20,000 vehicles per year by the end of 2013. and Fisker Automotive.

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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

Two German investors, Ingo Voigt and Fritz Nol, announced their intent to buy Fisker Automotive, the failing plug-in hybrid car company, on 11 September. The team submitted a detailed offer to the US Department of Energy (DOE) along with a letter of intent for restructuring Fisker. DOE auctioning off the Fisker loan.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Partnering with Alcoa, Duke Energy, Google.org, Johnson Controls Indiana startup plans to unveil vehicle May 2009 at EVS-24 in Norway; mass production in 2012. Fisker $80,000 Karma series luxury 50-mile range series PHEV, S Sunset convertible version.Partnering with Quantum Technologies. Ford Escape PHEV-40 around 2012.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

It will appear in Europe next year as the Opel Ampera and in Australia as the Holden Volt in 2012. Fisker is a good example. JUST TRYING TO MILK and Suck as much from the fall of the Auto industry as possible. JUST TRYING TO MILK and Suck as much from the fall of the Auto industry as possible.

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