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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. In the first stage of the program, Fisker Automotive will use a $169.3 billion for Ford Motor Company; $1.6 and $465 million to Tesla Motors. Earlier post.)

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Fisker receives huge funding boost

Green Cars News

Fisker Automotive is celebrating a significant funding boost as it bids to breakout from upstart company into a mainstream success story. Both cars must be delivered by 2016. 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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