Tiny Electric Car Startup Gets $529 Million Govt Loan

http://online.wsj.com/article/SB125383160812639013.html?mod=WSJ_hpp_MIDDLTopStories

by ckinnan • 17 years ago

2 1 17 years ago

online.wsj.com

pedalpete• 17 years ago

This is a VERY poorly researched and written article.

The loans provided to Fisker are not for development of the Karma, but for development of a lower priced entry model which would allow the company to develop low cost electric vehicles (I believe in the sub-$30k range).

The loan to Tesla was not for the 'british built' tesla roadster, but was to build manufacturing capacity in the US (as far as I recall).

Both Tesla and Fisker received loans in the 200+million range.

It is entirely feasible that the DOE looks at the smaller requests of sub 100 million and think that the smaller loans won't have as much impact or that the group isn't thinking big enough.

Fisker has been a 'coach builder' of 'custom sports cars' since 2005, and partnered with Quantum Technologies to build Fisker Automotive and the Karma.

Also, why write twice that Vinod Khosla is a backer of EcoMotors and is a campaign contributor?

Tiny Electric Car Startup Gets $529 Million Govt Loan

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