Autos Fans

Autos Fans| New Autos, Used Cars, Auto Show, News & Reviews

Fisker Automotive secures additional funding for plug-in hybrids

January 19th, 2010 • Filed Under•270 views

Fisker Automotive secures additional funding for plug-in hybrids

By Fisker Automotive
New American carmaker Fisker Automotive has secured access to an additional $115.3 million in private equity funding to develop plug-in hybrid cars.

This funding is necessary for Fisker Automotive (www.fiskerautomotive.com) to access a $528.7 million U.S. Department of Energy conditional loan that will, in part, help speed completion of the Fisker Karma, the company’s first plug-in hybrid.

The raise comes at a time when capital is scarce, the auto industry is struggling and the global economy is just beginning to rebound.

Starting at $87,900 the Karma paves the way for development of lower-cost plug-in hybrid technology for a second, family-oriented car code named Project NINA.

Project NINA is expected to be built in Wilmington, Delaware at a former General Motors assembly plant starting in 2012.

“Raising $115 million in these times speaks volumes about the value of our business model and the vast potential of plug-in hybrids,” said Henrik Fisker, CEO.

fisker

This Post is about Fisker Automotive secures additional funding for plug-in hybrids,if you like this you can share it easily bu use toolbox below:)

Related posts:

Some Suzuki Swift Plug-In Hybrid Concept photos There are some Some Suzuki Swift Plug-In Hybrid Concept photos,and the Suzuki Swift Plug-In Hybrid Concept Hybrid is a series hybrid incorporating a propulsion motor, a battery, and an engine-powered generator. Suzuki Swift...
BMW Wins Great Designs in Steel Automotive Excellence Award By American Iron and Steel Institute DETROIT, — The Automotive Applications Council of AISI’s Steel Market Development Institute (SMDI) announced today that it has selected the BMW X6 research and development team as...
Swift with Plug-in Hybrid system and an SX4 Fuel Cell Vehicle Suzuki : Swift with Plug-in Hybrid system and an SX4 Fuel Cell Vehicle By Suzuki Motor Corporation At the Tokyo Motor Show later this month, Suzuki will exhibit its latest concepts for the...
How much cost to replace breaks How much would it cost to replace breaks for 2007 Honda Civic?—By Human Psychology Center I have a 2007 Honda Civic Sedan, and my breaks are already making noises…How much would the breaks...
automotive chat Service from LiveChatAgent as we know the more and more live Live chat agents program on the internet,and they offer us fresh and innovative marketing, sales and support solutions. and today we talking about the wonderful...

How do you think this post Fisker Automotive secures additional funding for plug-in hybrids,Please Rate it or make any comments to help us to improve our Car Fans Blog!