Defaulting on US government loans is never a good thing.
You don’t need to be a rocket scientist to know that Fisker, for all intents and purposes, is finished. A few months ago it was on the verge of bankruptcy despite receiving a $529 million loan from the US Department of Energy back in 2009 to design, build and develop the Karma and other new high-tech hybrids. Fisker never turned a profit and lost about $1 billion by 2012. With its line of credit frozen in 2011, things managed to get even worse when its battery supplier went bankrupt.
To see more inforamtion about the car please click on the advertisment below :