Tuesday, February 21, 2012
Despite DOE Loan Issues Fisker Says It Is “Viable, Self Funded”
Anyone with experience in the automotive industry realizes there is extraordinary financial challenges in launching a new car. Today’s development programs run in the hundreds of millions. With such an established marketplace, many investors don’t have either the wherewithal or the want to support such a long-scale project. Until now, Fisker has largely escaped this reality and done really well for itself. Like Tesla, hundreds of millions have been invested from private investors.
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