Fisker Scores $529 Million Low-Interest Loan From DOE
A couple of weeks ago, Fisker gleefully announced fuel efficiency stats for its upcoming extended-range Karma sedan (67 mpg, though the math is a little fuzzy). Now the upstart automaker has another reason to celebrate: the U.S. Department of Energy has awarded Fisker a $529 million low-interest loan, which will help the company develop the $87,000 Karma and the upcoming Nina, a lower-priced sedan that will ring in around $45,000.
Roughly $169 million of Fisker's loan will be applied toward development of the Fisker Karma. Those funds will go toward the design of tools, equipment for manufacturing, and coordination of materials from U.S....
A couple of weeks ago, Fisker gleefully announced fuel efficiency stats for its upcoming extended-range Karma sedan (67 mpg, though the math is a little fuzzy). Now the upstart automaker has another reason to celebrate: the U.S. Department of Energy has awarded Fisker a $529 million low-interest loan, which will help the company develop the $87,000 Karma and the upcoming Nina, a lower-priced sedan that will ring in around $45,000. Roughly $169 million of Fisker's loan will be applied toward development of the Fisker Karma. Those funds will go toward the design of tools, equipment for manufacturing, and coordination of materials from U.S.... Read More
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