26 Mar '12, 2am

Fisker Looking to Raise Another $100 Million By Month's End

Fisker Looking to Raise Another $100 Million By Month's End

Fisker Looking to Raise Another $100 Million By Month's End Published March 25, 2012 By Huw Evans As it puts public relations setbacks behind it, Fisker Automotive is reportedly negotiating an additional $100 million in private funding and is on its way toward $1 billion in private equity raised to date. According to a U.S. regulatory filing, the California-based automaker has secured $896 million as of Feb. 10, and Bloomberg reports that current talks for the sizable additional chunk are in progress, thus sources declined to be identified. Following February reports that the U.S. Department of Energy froze Fisker’s $529 million low-interest loans because it did not meet a Karma production deadline, Fisker said it had options aside from taxpayer money, and it would seem this is so. It remains to be seen whether Fisker can renegotiate the terms of the DOE loans. It has been...

Full article: http://www.hybridcars.com/news/fisker-looking-raise-anoth...

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