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...company plans to deliver its first Karma roadster early next year. It is getting $528 million in low-interest, government-guaranteed loans to refine its plug-in hybrid-drive system, originally developed by its partner Quantum Technology of Irvine, Calif., with grants from the U.S. Department of Defense. Using that technology, the Karma can travel for 50 miles on lithium-ion batteries before the gasoline engine turns on to act as a generator, Fisker says. The preliminary price tag for the Karma...
...also promised $465 million to Tesla, which has already sold 700 of its pure-electric roadsters at more than $109,000 each to Hollywood stars like Leonardo DiCaprio...
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 has been dubbed Project Nina. His new company expects to build between 75,000 to 100,000 of these highly efficient vehicles starting in late 2012; the second-generation Fisker will be a relative bargain, with a price tag around $40,000. (See the 50 worst cars of all time...
...completely forthcoming about his own dealings with particular clients, especially his biggest, the billionaire Olenicoff. Even as he was talking to the feds, they say, Birkenfeld was secretly advising the real estate mogul to move his money from UBS to Liechtenstein banks. (Olenicoff eventually settled for $53 million in tax and penalties...
...government of the island nation of Cyprus has pledged $8.8 million towards increasing opportunities in public health education, research, and outreach as part of a recent agreement between the Harvard School of Public Health and the Cyprus University of Technology...