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

Green Car Congress

SEPTEMBER 22, 2009

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. Engineers will also design tools and equipment and develop manufacturing processes. The US Department of Energy is awarding a $528.7-million Earlier post.)

Fisker 199
Fisker Karma PHEV Columbus 199
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Fisker receives huge funding boost

Green Cars News

SEPTEMBER 22, 2009

Both cars must be delivered by 2016. The cash will also be used to assist engineers as they design tools and equipment and develop manufacturing processes. The idea is said to be inspired by Christopher Columbus and is symbolic of the automotive industry’s move from the old world to the new. Here is how the loan will work.

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Fisker Karma Columbus Tax Credit 32
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