24 Apr '13, 11pm

Official: Fisker goes to Congress: DOE attacked amid hints loan could still be paid back

Official: Fisker goes to Congress: DOE attacked amid hints loan could still be paid back

that the DOE granted to Fisker in 2010 as part of the Advanced Technology Vehicles Manufacturing Loan Program. Fisker never got all of those millions and launched the Kama in September 2011, well behind schedule. Here are a few facts that the committee had stated for the record: Fisker said his company sold 250-300 Karmas by the end of 2011. There were 150 applicants to the DOE's ATVMLP. Five received funding, including Ford , Tesla and Nissan . There were no representatives from any of those companies, which are expected to pay the taxpayers back, at the hearing. Issa explained today's session was "subject specific." Fisker was originally approached a Bush-era DOE representative to apply for the loan. Koehler said the "design and engineering work" for the Atlantic , Fisker's purported next vehcle (pictured above) is "almost complete." Fisker said his company has contribut...

Full article: http://green.autoblog.com/2013/04/24/fisker-congressional...

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