Tag Archives: Fisker Automotive Inc.
Fisker Karma Owner Jeremy Guitterez Blames Car For Burning House Down
Jeremy Guitterez ‘s garage burned last week and he believes that his $102,000 Fisker Karma luxury electric sedan was the culprit. He wants Fisker Automotive to admit responsibility for the fire. The fire happened after he parked the car in his Sugar Land, Texas home. Fortunately he was able to evacuate his wife, mother, and child from the house before the fire spread to other rooms.
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Fisker Automotive Raises $189 Million From Private Equity Firms
Fisker Automotive has raised a $189 million round of funding from private equity firms. This means that Fisker now has over $339 million in funding since they started three years ago. Through this round of funding, Fisker plans to get a major federal loan and acquire a former GM assembly plant in Delaware.
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Fisker Automotive Raises $21.5M In Loans From Delaware
Fisker Automotive has raised $21.5 million in loans from the State of Delaware. The Council of Development Finance in Delaware voted on Monday to approve the loan to Fisker. The company is planning to build a hybrid car at an old General Motors plant in Newport, Delaware.
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Fisker Automotive Closes $529 Million Loan From U.S. Energy Dept.
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]
Fisker Automotive Receives $528.7 Million Loan From Department of Energy
Fisker Automotive Inc. is a U.S. based start-up company that is going to sell hybrid vehicles. The company recently secured a $528.7 million loan from the U.S. Department of Energy. The funds will be used to fund production of their low emission cars.
“Plug-in hybrid electric vehicles could revolutionize personal transportation and cut our dependence on foreign oil, not to mention give us cleaner air and less carbon pollution,” stated Energy Secretary Steven Chu. Tesla Motors recently received $465 million in Energy Department loans this past June.
Fisker Automotive will use $169.3 million to finish the development and production of the Karma, a $87,900 plug-in hybrid sedan. The rest of the funds will be used to build the next-generation vehicle called Project Nina.
By 2012, Fisker plans to sell 75,000-100,000 cars per year. Fisker has an engineering office in Pontiac, Michigan. “This conditional loan represents a significant step in America’s future,” stated Fisker CEO Henrik Fisker, “help restore the U.S. as an auto industry leader.”