article thumbnail

DOE Closes $529M Loan to Fisker Automotive

Green Car Congress

million loan with Fisker Automotive for the development and production of two lines of plug-in hybrid electric vehicles (PHEV). million loan to Fisker in September 2009. When full production is reached in 2015, Fisker estimates annual sales at up to 115,000 vehicles. The US Department of Energy (DOE) closed a $528.7

Fisker 186
article thumbnail

DOE Announces $528.7M Conditional Loan for Fisker Automotive for PHEVs

Green Car Congress

million conditional loan to Fisker Automotive for the development of two lines of plug-in hybrids—the Karma and the new Project Nina vehicle—by 2016. In the first stage of the program, Fisker Automotive will use a $169.3 Fisker estimates production of up to 75,000-100,000 of these plug-ins in the US per year beginning in late 2012.

Fisker 199
article thumbnail

Fisker Karma wins Design of the Year award

Green Cars News

Range-extended luxury car, the Fisker Karma has been named as the Automobile magazine’s 2012 ‘Design of the Year’. The US publication’s editor honoured the model for its sleek lines and sporty look, writing that the Karma: “stands to become an icon, even without mention of its range-extended electric powertrain”.

Karma 58
article thumbnail

A123 Systems to develop battery pack for new EV from SAIC

Green Car Congress

A123 Systems has been selected to develop Li-ion battery packs for a new, 2012 model year electric passenger car from Shanghai Automotive Industry Corporation (SAIC), the largest automaker in China.

Batteries 240
article thumbnail

Who is winning the green car race? Part II. The Green Piece

Green Cars News

Fisker Automotive. A joint venture between Fisker Coachbuild and Quantum Technologies, Fisker Automotive was founded in 2005 with headquarters in Irvine, California, and has made the Fisker Karma plug-in hybrid sports car its centrepiece. The company hopes to begin selling the Fisker Karma in mid 2010 in Europe.

article thumbnail

DOE Closes $465M Loan to Tesla Motors

Green Car Congress

The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. and Fisker Automotive. The agreement was negotiated and signed by the Department’s Loan Programs Office.

article thumbnail

Lotus and Harmon partner up to add sound to hybrids

Tony Karrer Delicious EVdriven

for 2012 Featured stories Feed Greenlings: What is regenerative braking? New York 2009: Mercedes E250 Bluetec concept would get 28/39 city/hwy rating Breaking - Zero Motorcycles unveils the Zero S [w/Video] GM and Segways PUMA live reveal Hyundai to offer plug-in hybrid in U.S.

Hybrid 30