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Fisker automotive

Fisker to restore GM plant

Wed, 10/28/2009 - 11:39 by Ishita Sood

Delaware, October 28 -- Fisker Automotive, in the presence of Vice Presient Joe Biden and Delaware Gov. Jack Markell Tuesday announced its goal to revamp the General Motors assembly plant for the production of plug-in hybrid cars.

Fisker eyes on GM plant

Mon, 10/26/2009 - 13:39 by Ishita Sood

Washington, October 26-- California based Fisker Automotive Inc. plans to manufacture plug-in electric cars in the former General Motors assembly plant at Delaware, people with the knowledge of the situation said Friday.

Fisker granted $529 million DOE loan

Wed, 09/23/2009 - 21:11 by Inderjit Singh

Irvine -- The U.S. Energy Department said it would loan California's luxury automaker Fisker Automotive Inc. $529 million to develop two alternative-energy vehicles.

The low-interest loan is the fourth grant to come out of the $25 billion automotive retooling loan project passed into law in September 2008, The Detroit News reported Wednesday.

Loans are given to companies to produce vehicles 25 percent more fuel efficient than cars already in production.

California's Tesla Motors Inc. was granted a $465 million loan in June to develop an electrically powered sedan that is expected to cost $49,900.

In June, Ford Motor Co. and Nissan Motor Co. were awarded grants totaling $7.5 billion.