The Fisker Karma production not dependent on DOE loans
Last week when it was announced that the US Department of Energy loans had been put on hold, many began to question the long term future of the Fisker brand. This was bolstered by the fact that the budding auto company halted their current work at the Delaware production facility where the upcoming compact currently named Project Nina has been taking place. Henrik Fisker explained to us that while the delay in receiving the Department of Energy loans had slowed things down, the current negotiations were agreed upon by both the DOE and Fisker, as the automaker works to come to terms with the feds on milestones on which to base the future of their loan agreement. Most importantly, Henrik Fisker stated that the continued production of their gorgeous Fisker Karma sedan is not dependent on these DOE loans as the sales of the Karma are allowing the new production model to pay for itself. In short, the money coming in from the early sales of the new Karma sedan have been enough money (coupled with investment funds, of course), to continue production of the extended range electric vehicle.