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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. This is the fourth conditional loan commitment the Department of Energy has entered into under the Advanced Technology Vehicles Manufacturing (ATVM) Loan program. Earlier post.)

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Cummins introduces 5L V8 diesel for North American light- and medium-duty commercial vehicles

Green Car Congress

will be manufactured at the Columbus Engine Plant, with production to start during the fourth quarter of 2014. At launch, it will also meet greenhouse gas (GHG) requirements through 2016, and 2015 California Air Resources Board (ARB) standards, including on-board diagnostics. Like the new 5.0L Cummins ISV5.0

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Fisker receives huge funding boost

Green Cars News

The US Department of Energy has awarded the California based manufacturer a conditional loan of $528.7million for the development of two lines of plug-in hybrids – the Karma and the new Project Nina vehicle. Both cars must be delivered by 2016. Here is how the loan will work.

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