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PHOTO CAPTION: Fiske Atlantic prototype was to be built in closed GM plant in Delaware.

Frozen DOE Funds Has Fisker Considering Non-US Plant

Matthew Mosk contends Fisker used federal loan dollars to build Karma in Finland, an accusation that Fisker will likely dispute.

Published: 31-May-2012

The luxury carmaker Fisker Automotive continues to signal it could ditch plans to build its next generation hybrid electric vehicle in the United States, despite the nearly $200 million in Obama administration loan money it has already received.

Fisker received federal funds in part to help purchase a shuttered General Motors plant in Delaware, where it predicted it would one day employ 2,000 auto workers to assemble the clean-burning gas-electric family car, known as the Atlantic.

But company executives began hinting in February that it would reconsider that plan and look for a cheaper place to build the car after the Department of Energy froze the $529 million green-energy loan the company had received, and had been drawing on since 2010.

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Fisker Karma said to be sold out until early 2012.

Among early recipients of the first 3,000 units will be actor Leonardo di Caprio, former U.S. Vice President Al Gore and General Colin Powell.

First production Fisker Karma at Valmet plant in Finland.

First customer is Fisker Automotive chairman Ray Lane, who is the Managing Partner at Kleiner Perkins Caufield and Byers venture capital firm.

Karma S hardtop convertible concept.

Future models to include hard-top convertible and crossover to be revealed at Frankfurt Auto Show in September 2011.

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