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

Filed under: EV/Plug-in , Hybrid , Legislation and Policy , Green Daily , Fisker Fisker Karma - Click above for high-res image gallery Fisker’s goal of becoming profitable by 2011 received a shot in the arm today thanks to the U.S. Energy Department’s announcement that the upstart automaker will receive a $528.7 million conditional loan. The DOE says the loan, “will create or save about 5,000 jobs for domestic parts suppliers.” Highlights of the DOE’s announcement include confirmation that the money will go towards “two lines of plug-in hybrids” ( $39,000 PHEV , here we come?) and that at least some of those jobs will be “to manufacture a plug-in hybrid in the U.S.” Fisker will perform final assembly of its first car, the high-cost Karma, in Finland with partner Valmet .

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