Feeds

Fisker wins big US govt e-car loan

$528m for range-extended hybrid development

Remote control for virtualized desktops

Leccy Tech Fisker Automotive has won a $528m (£324m/€358m) US government loan, designed to help the firm launch an affordable range-extended hybrid car by 2012.

Karma_01

Fisker's Karma (above) will launch next year, but Nina won't be out until 2012

Called Nina, the new small-size Fisker will use the same Q-Drive range extended hybrid drive system as the one found in firm’s Karma and Sunset models – which are both due to launch in 2010.

While the Karma will start at $87,500 (£53,700/€59,300), Nina will be priced at an altogether more affordable $39,000 (£23,900/€26,400) – which includes the US government’s $7500 tax credit.

Nina will cost roughly $10,000 less than Tesla is expected to ask for its Model S - also expected to launch in 2012. Fisker hopes to sell between 75,000 and 100,000 Ninas each year.

Fisker hasn’t released any images of Nina, but has claimed that the vehicle will feature cutting edge technology, radical styling and world-class quality. The car’s name was inspired by the Niña nickname of Christopher Columbus' ship - the Santa Clara.

The US Department of Energy said the loan will “create and save” at least 5000 jobs in the US auto industry, while also indirectly creating thousands more.

One reason for this is that, unlike the Karma - which will undergo final assembly at a factory in Finland, Nina will be a true ‘Made in the USA’ model.

Fisker’s funds will come from the same US government pot that provided Tesla with a $465m (£285/€315m) loan for its Model S e-car. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Voyager 1 now EIGHTEEN LIGHT HOURS from home
Almost 20 BEEELION kilometres from Sol
MEN: For pity's sake SLEEP with LOTS of WOMEN - and avoid Prostate Cancer
And, um, don't sleep with other men. If that's what worries you
Ex-Soviet engines fingered after Antares ROCKET launch BLAST
Speculation rife, but Orbital claims it's too early to tell
Jim Beam me up, Scotty! WHISKY from SPAAACE returns to Earth
They're insured for $1m, before you thirsty folks make plans
ROGUE SAIL BOAT blocks SPACE STATION PODULE blastoff
Er, we think our ISS launch beats your fishing expedition
NASA: Spacecraft crash site FOUND ON MOON RIM
'What fun!' exlaims NASA boffin who found the LADEE
Comet Siding Spring revealed as flying molehill
Hiding from this space pimple isn't going to do humanity's reputation any good
BAE points electromagnetic projectile at US Army
Railguns for 'Future fighting vehicle'
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.