Fisker Hints Of Never Building Electric Cars In U.S.

May 31, 2012 01:46 PM EDT | Bhanu Prakash E S


Given an explanation to all the hints of Fisker Automotive and an overview to all its future executions, it is indeed clear that the automaker is all set to drop its plans of building next generation hybrid electric vehicles in U.S. 

The impossible yet possible decision comes from the world class automaker Fisker even after the Barack Obama administration issues a hefty loan check of approximate $200 million to its credit. It can be recalled that the loan was issued to the ailing next generation hybrid electric vehicle manufacturer from the Obama administration to help the Fisker to make a deal to buy shuttered General Motors auto plant in Delaware. It was also assumed by the government with an intention that with issuing $200 million to the Fisker might give away jobs to more than 2,000 workers to assemble the clean-burning gas-electric next generation car which was titled as the Atlantic.

But much shock to all the predictions, the Fisker Automotive started leaving out hints from the second month of this year that the world class automaker has another such plan to buy a cheaper auto plant to build the desired car in the U.S. And the decision was very clear that it was taken after the Department of Energy had frozen $529 million loan which was received by the automotive as part of the green-energy.

The Department of Energy has kept its finger on the mouth. And so far it has managed to say a very few words regarding the freezing the balance of Fisker Automotive's loan. Sources confirm that indeed the loan amount was given with an intention to see a development of the Atlantic. In an official statement, the Department of Energy says that it has hired a restructuring advisor to monitor the whole situation before it takes any further step.

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