Fisker Automotive Closes $529 Million Loan From U.S. Energy Dept.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Fisker Automotive has closed a $529 million loan from the U.S. Energy Department for building electric vehicles. Fisker will be building plug-in hybrid vehicles in a Wilmington, Delaware plant that was recently closed by General Motors. Development of the Karma sports sedan will create about 2,000 new jobs. Fisker expects to hit full production by about 2015. [Reuters]