BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina

GMusa · 09-22-2009, 05:21 PM

BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina

http://www.autoblog.com/2009/09/22/b...-doe-for-karm/

CJ Thunder · 09-22-2009, 05:26 PM

All this sounds like the good steam for Tucker, hopefully it lasts for Fisker.

johnstarnes · 09-22-2009, 05:33 PM

If it is a LOAN....great! I hope I live to see electric cars become the norm.....AND to see the "loans" to Wall Street, GM and the rest PAID BACK. Nice to see my country spending debt for industry and technological advancement vs. wars of choice for oil and profit for a change. But I hope that good old fashioned entreprenurial innovation and personal creativity lead America to the forefront of alternatives to the ICE car, especially electric car breakthroughs. When I was a teen we could have never imagined CDs and Blackberries and DVDs and PCs....who knows what some brillant car designer will devise over the next few years?!

**zete** · 09-22-2009, 08:37 PM

I have no idea how they'll ever pay that loan back. Nearly a half billion! Woah.

And when their "affordable" plug in comes, it'll be about $7 - 8k more than the presumed price for the Volt? How is that affordable and why would anyone buy the Fisker Nina over the Volt.

I now await at least this much going to Tesla, who at least are delivering electric cars at the moment. Has Fisker delivered even one, yet?

GMusa · 09-22-2009, 08:49 PM

Quote:

Originally Posted by zete

I have no idea how they'll ever pay that loan back. Nearly a half billion! Woah.

And when their "affordable" plug in comes, it'll be about $7 - 8k more than the presumed price for the Volt? How is that affordable and why would anyone buy the Fisker Nina over the Volt.

I now await at least this much going to Tesla, who at least are delivering electric cars at the moment. Has Fisker delivered even one, yet?

your assuming .. we'll just have to wait and see what Fisker comes up with.

ejfx · 09-22-2009, 09:15 PM

Quote:

Originally Posted by johnstarnes

When I was a teen we could have never imagined CDs and Blackberries and DVDs and PCs....

Damn...I didnt think you were that old...lol...j/k

It could take Fisker nearly a century to pay back that loan and still keep cash flows in check.

FierySolstice · 09-22-2009, 09:16 PM

How is this breaking? I already read it on Autoblog. Can we stick with GM news? Thanks.

member12 · 09-22-2009, 09:30 PM

How are they going to pay it back?

Rocket 88 · 09-22-2009, 09:35 PM

Quote:

Originally Posted by member12

How are they going to pay it back?

Maybe the same way GM is going to... with a big smile and by selling stock to a bunch of suckers... the same suckers who paid for the loans in the first place.

**zete** · 09-22-2009, 11:20 PM

Quote:

Originally Posted by GMusa

your assuming .. we'll just have to wait and see what Fisker comes up with.

Assuming what? The price is what they quoted: $39,900 with the credits. That's more than the Volt.

Thus, the Volt will be about $7k less than the Nina when you factor in the credits.

**zete** · 09-22-2009, 11:22 PM

Quote:

Originally Posted by FierySolstice

How is this breaking? I already read it on Autoblog. Can we stick with GM news? Thanks.

I see it as applicable. GM should now be in line for these types of loans as well. Plus, this is the car that the Volt will compete with. Thus, very applicable.

johnstarnes · 09-22-2009, 11:25 PM

Are any of these loans fully structured, with an interest rate and a time line for repayment, like any of us would face with a mortgage or unsecured debt? Sometimes all these "loans" seem quite nebulous to me, and I am just wondering about accountabilty for all that debt.

V8GMT360 Guy · 09-22-2009, 11:56 PM

Well since the government is funding them, it's akin to GM news....

So is Fisker taking Pontiac's place in the stable?

Slack · 09-23-2009, 12:51 AM

Quote:

Originally Posted by V8GMT360 Guy

Well since the government is funding them, it's akin to GM news....

So is Fisker taking Pontiac's place in the stable?

Since they're getting money from the government, Fisker and GM are practically subsidiaries of the same company, Taxpayers, Inc.

eaton53 · 09-23-2009, 08:24 AM

What, this isn't a bailout??

I've got no problem with the government helping out with advanced technologies. If they didn't we probably wouldn't have this here Interweb to play with...

Fisker's cars are cool lookin', plus they use GM 2.0L engines.

09-22-2009, 05:21 PM	#1 (permalink)
GMusa 6.2 Liter LS3 V8 Join Date: Mar 2007 Location: Toledo, Ohio. U.S.A! Posts: 3,101	BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina http://www.autoblog.com/2009/09/22/b...-doe-for-karm/ __________________ -JD My Ride: 2005 Ford Mustang GT Coupe (Getting ready to trade up!) Project Car: 1969 Javelin SST 290 Family's Cars: -2010 Ford Fusion SE (Sport Blue) -2007 Chevy Cobalt Sedan LT -2007 Pontiac Grand Prix GT -1997 Chevy Camaro V6 30th Anniversary Edition -1998 Ford Taurus SE -1997 Oldsmobile Acheiva Sedan

09-22-2009, 05:26 PM	#2 (permalink)
CJ Thunder 6.0 Liter L76 V8 Join Date: Mar 2006 Location: SoCal Posts: 2,007	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina All this sounds like the good steam for Tucker, hopefully it lasts for Fisker. __________________ He that displays too often his wife and his wallet is in danger of having both of them borrowed. Benjamin Franklin MOOLA!

09-22-2009, 05:33 PM	#3 (permalink)
johnstarnes 6.2 Liter LS9 Supercharged V8 Join Date: Apr 2006 Location: Tampa Posts: 5,733	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina If it is a LOAN....great! I hope I live to see electric cars become the norm.....AND to see the "loans" to Wall Street, GM and the rest PAID BACK. Nice to see my country spending debt for industry and technological advancement vs. wars of choice for oil and profit for a change. But I hope that good old fashioned entreprenurial innovation and personal creativity lead America to the forefront of alternatives to the ICE car, especially electric car breakthroughs. When I was a teen we could have never imagined CDs and Blackberries and DVDs and PCs....who knows what some brillant car designer will devise over the next few years?! __________________ "The only normal people are the ones you don't know well". unknown

09-22-2009, 08:37 PM	#4 (permalink)
zete GMI Staff Member Join Date: Dec 2005 Location: NCR, Great White North Posts: 5,304	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina I have no idea how they'll ever pay that loan back. Nearly a half billion! Woah. And when their "affordable" plug in comes, it'll be about $7 - 8k more than the presumed price for the Volt? How is that affordable and why would anyone buy the Fisker Nina over the Volt. I now await at least this much going to Tesla, who at least are delivering electric cars at the moment. Has Fisker delivered even one, yet? __________________ To appeal to enthusiasts GM needs to build on a flexible platform and be able to build small numbers and do it profitably. Hopefully we'll see some of that in the future with Alpha and Zeta, assuming the latter survives.

09-22-2009, 09:16 PM	#7 (permalink)
FierySolstice 3.6 Liter SIDI V6 Join Date: Jan 2007 Location: Philadelphia Drives: 2007 Saturn Aura Posts: 1,192	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina How is this breaking? I already read it on Autoblog. Can we stick with GM news? Thanks. __________________ The "New GM" is very boring... what happened to the driving excitement? 2013

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09-22-2009, 09:30 PM	#8 (permalink)
member12 6.2 Liter LS9 Supercharged V8 Join Date: Jun 2003 Location: Baton Rouge Drives: 2007 Silverado 4x4 Posts: 7,665	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina How are they going to pay it back? __________________ Get your geek on in 2012!

09-22-2009, 11:25 PM	#12 (permalink)
johnstarnes 6.2 Liter LS9 Supercharged V8 Join Date: Apr 2006 Location: Tampa Posts: 5,733	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina Are any of these loans fully structured, with an interest rate and a time line for repayment, like any of us would face with a mortgage or unsecured debt? Sometimes all these "loans" seem quite nebulous to me, and I am just wondering about accountabilty for all that debt. __________________ "The only normal people are the ones you don't know well". unknown

09-22-2009, 11:56 PM	#13 (permalink)
V8GMT360 Guy 3.0 Liter SIDI V6 Join Date: Mar 2008 Location: Lansing, MI Drives: 08 GMC Sierra Crew, 09 GMC Envoy Denali Posts: 569	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina Well since the government is funding them, it's akin to GM news.... So is Fisker taking Pontiac's place in the stable?

09-23-2009, 08:24 AM	#15 (permalink)
eaton53 6.2 Liter LS3 V8 Join Date: Aug 2005 Posts: 3,430	Re: BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina What, this isn't a bailout?? I've got no problem with the government helping out with advanced technologies. If they didn't we probably wouldn't have this here Interweb to play with... Fisker's cars are cool lookin', plus they use GM 2.0L engines. __________________ TiresomeOverratedYawnmobilesOrTediousAppliances When you're falling on your face you're still moving forward. Toyota... moving forward.

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