QTWW Update: Moving On Half Billion Govt Loan To Fisker Automotive

The news is in on Quantum which will produce the propulsion systems for Fisker Automotive.  The US government and Fisker Auto have agreed to terms on a loan of more than half a billion bucks to create fuel efficient hybrid and electric cars. A majority of the low-interest funds goes to Project NINA, which will oversee the design, engineering and assembly of Fisker cars with the remainder being used to finalize development of the Karma. 

“This conditional loan represents a significant step in America’s future,” said Henrik Fisker, CEO. “With it Fisker Automotive can rapidly develop affordable clean cars that satisfy our passion for driving and help restore the US as an auto industry leader.”

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