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DOE Closes $529M Loan to Fisker Automotive

Green Car Congress

The loan will support the Karma, a full-size, four-door sports sedan, and a line of family oriented models being developed under the company’s Project NINA program. Fisker, a startup based in southern California, expects to manufacture the Karma and Project NINA lines at a recently shuttered General Motors factory in Wilmington, Delaware.

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Update: Top 10 Electric Cars

Clean Fleet Report

General Motors has done something remarkable, enough so that we were tempted to jump them up to the top of this chart until they stumbled recently. Coda Automotive , with its warmed-over Chinese sedan, has departed, but Fisker (now Karma) Automotive has revived its high-end plug-in hybrid under new Chinese ownership.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Several dozen prototypes on 15-passenger van since 2004; now in second generation development; no production plans. Fisker $80,000 Karma series luxury 50-mile range series PHEV, S Sunset convertible version.Partnering with Quantum Technologies. Showed BlueZERO E-CELL PLUS series PHEV concept in December 08.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

" In other words, General Motors is going to lose its shirt until the Volt establishes itself in the marketplace. The four-door sedan will deliver 40 miles on a charge; a small gasoline engine will recharge the battery as it approaches depletion, extending its range by as much as 200 miles. General Motors has sought $10.3

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