Fisker Might Not Build Electric Cars Here After All
Fisker may build overseas despite a government grant.
Web2Carz Senior Writer
Published: June 3rd, 2012
espite being given nearly $200 million in loan money from the Obama administration, Fisker has been hinting since February that it might not follow through on plans to build the Atlantic gas/electric powered sedan at a former GM plant in Delaware.
This is a tough time for Fisker, which already suffered a humiliation when a Karma broke down during a Consumer Reports road test.
The plant was supposed to employ 2,000 workers someday, but after the Department of Energy froze a $529 million green-energy loan that the company has been using since 2010, Fisker has given off indicators that it might look for a cheaper place to build the car.
The DOE won't say why it froze the loan, only saying that it's hired a consultant to study the agreement and gauge Fisker's performance.
This is a tough time for Fisker, which already suffered a humiliation when a Karma broke down during a Consumer Reports road test. The company is also under the spotlight after another Karma burned up in its owner's garage.
These kinds of growing pains aren't unusually with small companies, but it's clear that Fisker is at a crossroads.
[Source: ABC News]Related Vehicles: fisker karma