Auto executives got a grilling on Capitol Hill yesterday. Not the usual suspects from Detroit's Big Three. Think much, much smaller. Executives from the hybrid carmaker Fisker testified about hundreds of millions of dollars in loans Fisker got from the government. Today, the company is on the verge of collapse.
NPR's Sonari Glinton reports.
SONARI GLINTON, BYLINE: Fisker, the car company, isn't dead yet. But Congress has already begun the autopsy.
Originally published on Mon April 1, 2013 12:57 pm
By Steve Mullis
A Tesla Model S drives outside the Tesla factory in Fremont, Calif., on June 22. The electric car was named Automobile of the Year by <em>Automobile</em> <em>Magazine</em> and Car of the Year by <em>Motor Trend</em>.
Credit Paul Sakuma / AP
Tesla Motors, the car company on a mission to change the auto industry, announced late Sunday that it's finally turning a profit this quarter.
The company said it will deliver 4,750 of its flagship Model S, its much-lauded four-door, luxury sports sedan. That amount exceeds its earlier estimates of 4,500 cars sold this quarter.
One of the long-standing knocks against electric cars is that it can be hard for the machines to hold a charge in cold weather. That's exactly what New York Times reporter John Broder says he found when he took a Tesla Model S on a road trip from Washington, D.C., to Connecticut.