iOS app Android app More

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

First Posted: 11/27/09 05:12 AM ET Updated: 05/25/11 03:10 PM ET

Fisker

Wall Street Journal:

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: Wall Street Journal

FOLLOW HUFFPOST BUSINESS

Filed by T.J. Ortenzi  |