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Fisker gets funding for Karma & NINA

The Fisker Karma - should move to market quickly with new funding But late yesterday the DOE in the US approved loans to Fisker of $528 million (around £323 million). That should help. The loan is aiming to secure production of a plug-in hybrid in the US, which probably means the lower cost car Fisker has been talking about for some time.

Car Designers Blackmailed

A London court has found former design student Guy Lloyd-Parker guilty of blackmailing US car designers. The London College of Fashion graduate had claimed that 95 car design sketches were stolen from him by two college lecturers in 1994, eventually resurfacing as final designs in the form of the Audi TT, BMW Z3, Mazda RX-8 and the Volvo XC90. Lloyd-Parker, having failed to successfully sue the college, began sending menacing letters to California-based Volvo Design Director Geza Loczi, former BMW and Aston Martin designer Henrik Fisker, and ex-Mazda designer Tsutomu Matano demanding £90,000.

Lexus prices the CT 200h at $29,995

Lexus Division said today it will price its entry-luxury CT 200h hybrid hatchback at $29,995, including destination charges, when it goes on sale in March. The CT 200h uses a version of the powertrain used in the Toyota Prius, and rides on the same platform as the more expensive Lexus HS 250h sedan. Lexus claims the vehicle will get 42 mpg in the combined driving cycle.