Fisker Automotive Inc. spent more than six times as much U.S. taxpayer and investor money to produce each luxury plug-in car it sold than the company received from customers, according to a research report.
Fisker Automotive Inc.’s new chief executive officer said the plug-in hybrid carmaker still plans to build rechargeable autos at a Delaware plant that stalled when the Energy Department blocked a loan for the project.
Fisker Automotive Inc., a maker of luxury plug-in hybrid cars backed by U.S. government loans, hired the former head of General Motors Co.’s rechargeable Volt program as its new chief executive officer.
General Motors Co., trailing Nissan Motor Co. in electric-car sales, plans to boost output of its Chevrolet Volt to 5,000 a month as the automaker seeks to seize the lead and test consumers’ hunger for plug-in vehicles.
Fisker Automotive Inc., the California-based maker of rechargeable cars, said it’s awaiting a sale of the Michigan plant that makes lithium-ion batteries for its Karma so it can resume production of the plug-in sedan.