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

Green Car Congress

SEPTEMBER 22, 2009

million ATVM loan for engineering integration costs as it works with primarily US suppliers to complete the company’s first vehicle, the Fisker Karma. Engineers will also design tools and equipment and develop manufacturing processes. billion for Ford Motor Company; $1.6 and $465 million to Tesla Motors. Earlier post.)

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

Green Cars News

SEPTEMBER 22, 2009

In its first stage, Fisker will use $169.3million for engineering integration costs as it works with US suppliers to complete the Fisker Karma. The cash will also be used to assist engineers as they design tools and equipment and develop manufacturing processes. Both cars must be delivered by 2016. Here is how the loan will work.

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Fisker Karma Columbus Tax Credit 32
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