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Despite the technology behind both vehicles, however, some competitors and observers object to the government assistance. These cars will compete for a relatively small pool of buyers, who can afford expensive, sporty cars, says an official with a foreign carmaker. "It's all about boys and their toys," adds Joseph...
Fisker plans to use $169.3 million from the Advanced Technology Vehicles Manufacturing Loan Program for engineering-integration costs as it works with suppliers to complete the Karma. However, the second stage includes a $359.36 million loan tied to developing and manufacturing a less expensive Fisker hybrid in the U.S., which...
Unlike Detroit's automakers, Fisker and Tesla are also export-oriented. "We already sell EV components to Daimler, which will soon begin marketing an electric version of its popular and affordable Smart car," says Tesla's O'Connell. Fisker says his company stands to benefit immensely as support from countries...
See more on electric cars.
What inspires current deals is an almost desperate need for growth. Many computer giants are struggling with declining sales and profit margins as consumers and businesses hang on to their PC systems and laptops longer, and view software upgrades as a luxury. Also, companies are being forced to slash prices...