Fisker Automotive, a company started just two years ago in 2007, has received a low cost loan to create “affordable, fuel-efficient plug-in hybrid electric cars”. Where will most of the 500 million+ dollars go? Most of the money is slated for “Project NINA” – Fisker Automotive’s next-generation plug-in hybrids. Fisker, currently taking pre-orders for the Karma – a high end, high dollar plug-in hybrid with a MSRP of $87,900.00 – plans to create a more affordable plug-in starting at about $40,000 after tax credits. Why call the project “Nina”? This project was named after Christopher Columbus’s ship – symbolizing the automobile industry’s transition from “old world to new”.
See the full press release at FiskerAutomotive.com.