2023 Fisker Ocean One on 2040-cars

Auto blog

US Senate authorizes DOE green car loan program [UPDATE]

Tesla Motors' crush of Model 3 reservations is fresh in everyone's minds, while Fisker Automotive (or at least its bankruptcy) is a distant memory. That's one explanation for a US Senate with a Republican leadership at one time bashed the Department of Energy's loan program for green-vehicle makers but now, under bipartisan support, the Senate has OK'd about $1.6 billion more to push forward green-vehicle technology, according to Hybrid Cars. The Senate voted to authorize a $1.6-billion federal program. The US Senate voted by about a seven-to-one margin to authorize a $1.6-billion federal program for the DOE's Vehicle Technologies Office program housed under the Office of Energy Efficiency and Renewable Energy (EERE). This is a different program from the Advanced Technology Vehicle Manufacturing (ATVM) program, which was last funded in 2007. The feds have been green-lit to spend $339 million per year through 2020 to speed up the development of advanced-technology vehicles. The mission: to get the US new light-duty fleet to meet the Corporate Average Fuel Economy (CAFE) mandate of a 54.5 miles per gallon average (which is a real-world average of around 40 mpg) by 2025. Four automakers received funding from the ATVM program in the first go-round. The list was: Tesla, Fisker, Ford and Nissan. Specifically, Tesla was loaned $465 million in 2010, and paid that loan back in 2013 – about nine years ahead of time, with interest. On the flip side, the Department of Energy was slated to loan extended-range plug-in vehicle maker Fisker $528 million, but Fisker only received $192 million before the spigot got shut off because of missed deadlines. Fisker collected enough cash to pay down some of the debt, but the government still was stuck with $168 million unpaid. And that got washed out in Fisker's 2013 bankruptcy. Nissan was awarded $1.4 billion and Ford got $5.9 billion. Senator Gary Peters (D-Michigan), one of the authors of the new bill, issued a press release about the new funding, which you can read here. The new ATVM program will also target automotive suppliers. UPDATE: This post has been updated. We inaccurately said that the ATVM had been re-authorized. In fact, the ATVM loan program "has $16 billion in remaining loan authority for automotive or component manufacturers for reequipping, expanding, or establishing manufacturing facilities in the U.S.

Henrik Fisker tweets rendering of Fisker pickup, then deletes

Last August, Henrik Fisker teased what looked like the rear view of a Fisker pickup truck. The caption accompanying the image of a rendered tailgate and conventional cabin glasshouse read, "After our Fisker electric SUV, we have already decided on our next 2 EV’s on the same platform!" That platform would be the same the Ocean crossover is built on. Much has happened since then, namely a gaggle of OEMs and startups debuting, announcing, or making noises about rolling out an electric pickup in the next two years or so. Perhaps Fisker got caught up in the swell, because he tweeted a new image of a pickup with the name "Alaska" emblazoned across the back, and the caption, "Electric pickup truck!" Then he deleted the tweet. When asked about the brief preview, his company told both Roadshow and Car and Driver, "We can't confirm the model or name of a vehicle that may have been seen in the tweet," but that, "We can, however, confirm that Fisker Inc. is indeed working on a modular electric vehicle platform that may underpin several different affordable EV models in the future." What we know is that Fisker's pickup design has come a long way since August, no matter how fanciful the image in the unintentional reveal. Last August's design looked like someone spent a few minutes turning a Ford F-150 backside into a passably believable Fisker product. The newest image looks like a Fisker; weighty forms with deep vertical and horizontal sculpting, decorated with Fisker's jewelry and fonts. The only off note is the tires, which are cartoonishly rugged. We're fans of the name, though, even if there's a product called Alaska in every industry from fertilizers to electric fans, and Renault sells a pickup called the Alaskan. As of writing, Fisker hasn't filed to trademark Alaska. For now, we'll pretend the tweet was a hallucination and wait for the next time Fisker teases a vehicle we know is coming.

Henrik Fisker seeking Indian joint venture

Henrik Fisker may have backed out of the luxury hybrid automaker that bore his name, but don't dismiss him as down for the count just yet. In his latest initiative, the Dutch automotive designer is looking into starting up a joint venture in India. According to the Economic Times, Fisker was recently on the sub-continent visiting factories and holding meetings with Indian automakers that could see some sort of joint venture announced in the next three to four months, with Henrik himself tipped to join the board of his partnering automaker in an advisory capacity. India is home to such automakers as Tata, Maruti Suzuki and Mahindra. It's now been a year since the designer parted company with Fisker Automotive, which was bought by Chinese parts supplier Wangxiang for $150 million. Since then, Fisker's penned designs on an ad-hoc basis, including a high-end Mustang for Galpin and a custom motorcycle for Viking, through his new consultancy HF Design & Technology. Before starting Fisker Automotive, Henrik Fisker designed such notable machinery as the Aston Martin DB9, BMW Z8 and the ill-fated but beautiful Artega GT. He then got into the coachbuilding business, rebodying Mercedes SLs and BMW M6s for discerning and wealthy customers. News Source: Economic TimesImage Credit: Nam Y. Huh/AP Design/Style Green Fisker Henrik Fisker