Fisker Seeks to Lift Karma Sales to Move on From Loan Scrutiny
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Fisker Automotive Inc., a California maker of plug-in hybrid sports cars, wants to put scrutiny of a federal loan to build rechargeable vehicles behind it as the company ramps up U.S. deliveries of $102,000 Karma sedans.
Shipments of Karmas have begun, with 225 sent to dealers so far and 1,200 units “in the pipeline,” Chief Executive Officer Henrik Fisker said in an interview. The $529 million low-interest loan Fisker got in 2009 drew criticism in Congress this year after the failure of solar panel maker Solyndra LLC, recipient of a U.S. Energy Department loan guarantee.