Fisker gets $528M loan to develop hybrids

Sep 23, 2009 | 11:30 AM |

Fisker Automotive Inc. has been granted a conditional loan of $528 million by the U.S. Department of Energy (DOE) to create affordable, fuel-efficient plug-in hybrid electric cars.

A majority of the low-interest loan will go toward the design, engineering and assembly of Fisker's next-generation plug-in hybrid, starting at about $39,900 after tax credits.....

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