Ford Reveals All-Electric Explorer SUV For The European Market

More

New Kia Concept EV5 previews all-electric SUV for Chinese market

More

The Volkswagen ID. 2all previews sub-25,000 euros electric car

More

The Kia EV9 all-electric SUV revealed

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

US DOE Seizes $21M from Fisker Automotive

Fisker-Karma
The U.S. Department of Energy has seized $21 million from Struggling start-up automaker Fisker Automotive Inc. just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems.

In a statement Monday, the Energy Department said it recovered $21 million from the company’s ‘reserve account’ on April 11 that wasn’t part of the loan amount. A payment from Fisker was due Monday, but was not made, a DOE official said.
Fisker owes the U.S. government about $192 million of the $529 million loan it received from the DOE in 2009. The DOE had awarded the money as part of the administration’s plan to boost the production and development of electric vehicles.

After taking the $21 million, the government is still owed $171 million.

Fisker, maker of the $100,000-plus Karma plug-in hybrid luxury sedan, has not built a vehicle since last summer and has failed to secure a buyer as its cash reserves have dwindled.

Apr 23, 2013Blagojce Krivevski
Volvo C30 Electric Upgraded With More Powerful Electric MotorLeviton Receives $1M to Install EV Charging Stations Throughout New York
You Might Also Like
 
Fisker Expands Recall of Karma Plug-in Hybrid
 
Fisker Says $30m in Cars Destroyed by Hurricane Sandy
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

April 23, 2013 Electric Car Newsfisker, fisker automotive, fisker karma
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
Recent News
Aptera Motors Receives First Fleet Order from SustainabilitySooner
March 26, 2023
Refrigerated Pharmacy Deliveries with Opel Vivaro-e and Vivaro-e HYDROGEN
March 25, 2023
Ford To Build Next Electric Truck – ‘Project T3’ – At BlueOval City
March 24, 2023
VIDEO: Experts from Electrify America, Hyundai, and BMW discuss taking EVs mainstream
March 24, 2023
Maserati GranTurismo Folgore Customers Will Use Bosch Charging Services
March 24, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Aptera Motors Receives First Fleet Order from SustainabilitySooner
March 26, 2023
Refrigerated Pharmacy Deliveries with Opel Vivaro-e and Vivaro-e HYDROGEN
March 25, 2023
Ford To Build Next Electric Truck – ‘Project T3’ – At BlueOval City
March 24, 2023
Get in touch

Email: [email protected]

Get new stories by email:
Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.