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View Full Version : $500 million loan to Fisker


virtualeric
10-27-2009, 03:41 PM
I can't post a URL yet, but check today's NYT online under politics, the article starting: "administration steps up efforts on climate...."

The end of the article mentions Fisker is getting the $500m loan to re-tool a closed GM factory for production. That's what I call going "all in" on an idea, albeit for a product most people can't afford. It's an expensive car from what I remember.

Still, Aptera could go crazy with a couple hundred million. Wasn't it 75 mil they were originally going for? The 22 billion in loan money (when Obama signs for it) isn't going to last long. Fisker took the "now or never" approach and now that the road to a loan is pretty much clear, I hope Aptera goes at least 150 or more. That's what it's going to take to even exist in the 2012 marketplace when the big automakers release their stuff.

NeilBlanchard
10-27-2009, 04:18 PM
Hi,

This is where I saw the news:

http://green.autoblog.com/2009/10/27/officially-official-fisker-buys-gms-wilmington-delaware-plant/

Rhodomel
10-27-2009, 07:07 PM
It was there at CNET awhile back:

http://news.cnet.com/8301-11128_3-10383851-54.html?tag=mncol;title

And one of the comments have said:
by YankeePoodle October 27, 2009 9:33 AM PDT
I would have preferred Tesla or Aptera. Fisker never had convinced me that they really have original working prototype.. Karma is a aweful knock-off stolen from Tesla, and Project Nina is vaporware. No wonder they are kissing up to Biden and buying a plant in Delaware.. how sad... political connections over innovation.