Fisker is looking for more government money. After receiving almost $529 million from the federal loan program, they are looking for the state of Delaware to kick in another $9 million in a grant.
The grant money will be used to offset utility costs while it upgrades the GM facility in Newport using another $12.5 million from a convertible loan.
There's nothing really new about this sort of thing. The major automakers have relied on loans, grants, tax breaks and other money from the government for decades to build cars. The only difference here is the size of the automaker and the single type of car they are working on (plug-in).
Tuesday, April 27, 2010
Fisker Looks for More Millions to Upgrade Delaware Plant
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