Henrik Fisker says production of the Fisker Karma is not dependent on Dept of Energy loans, and that the company is pursuing a “plan B” to fund the company independently from private investors to prevent the company from being a political football. In early February, Fisker Automotive laid off a few workers following a suspension of…
Yesterday news broke that Fisker Automotive reportedly lays off workers in wake of missing DoE loan milestones, namely that the Department of Energy has frozen the loan program for Fisker Automotive because Fisker has failed to meet the business development required milestones. Because of the frozen loan program, Fisker laid…
The fossil fuel system is beginning to run into a supply crunch. Report after report shows that the conventional liquid fuels and conventional natural gas has entered a decline in global supply. That would mean we’d see supply problems at gas stations, that is if the oil and gas companies…
Fisker Automotive runs into cash crunch, after missing milestones in the Dept of Energy loans program, due to repeated delays on the Fisker Karma plug-in hybrid luxury sedan. Fisker Automotive, the designer and manufacturer of high end luxury plug-in hybrid cars, has run into a cash crunch and is laying…
Among 37 projects awarded, on Oct 26, 2009, $151 million in Department of Energy grants is one aimed to develop new high energy magnet technology. As noted in earlier reporting advanced technology vehicles rely on electric motors using powerful rare earth magnets (see Oil scarcity leads us to electric cars…
