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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. million ATVM loan for Fisker’s Project Nina—the design, engineering and assembly of Fisker Automotive’s next-generation plug-in hybrids, starting at about $39,900 after tax credits.

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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. Fisker hopes to make 75,000-100,000 of these plug-in vehicles a year beginning in late 2012.

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