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Fisker's Federal Loans Frozen, Layoffs Follow
By Jeff Cobb
Not long ago Fisker caught a lot of media heat for accepting a $529 million federal loan, but the company’s latest “bump in the road” is that it has only received $193 million of it, and the rest has now been frozen.
The remainder of the U.S. Department of Energy money was contingent upon Fisker producing a certain number of Karmas by an agreed-upon deadline, but other delays and recalls have slowed their proliferation considerably.
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