Feeds

Fisker wins big US govt e-car loan

$528m for range-extended hybrid development

Build a business case: developing custom apps

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
Boffins attempt to prove the UNIVERSE IS JUST A HOLOGRAM
Is this the real life? Is this just fantasy?
China building SUPERSONIC SUBMARINE that travels in a BUBBLE
Shanghai to San Fran in two hours would be a trick, though
Our LOHAN spaceplane ballocket Kickstarter climbs through £8000
Through 25 per cent but more is needed: Get your UNIQUE rewards!
SpaceX prototype rocket EXPLODES over Texas. 'Tricky' biz, says Elon Musk
No injuries or near injuries. Flight stayed in designated area
Galileo, Galileo! Galileo, Galileo! Galileo fit to go. Magnifico
I'm just a poor boy, nobody loves me. But at least I can find my way with ESA GPS by 2017
Astronomers scramble for obs on new comet
Amateur gets fifth confirmed discovery
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.