Huffpost Business

Fisker Automotive Gets $529 Million Government Loan To Build Electric Cars

Posted: Updated:
Print Article

A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster.

Read the whole story at Wall Street Journal