Fisker Automotive Seeks To Raise More Cash

A new report from Reuters states that Fisker Automotive is looking to raise about $150 million in additional funds to stay afloat until it can launch production of its second model, a key investor said on Wednesday. The company has already raised more than $1 billion in private financing from venture backers and others since its founding in 2007. But earlier this year, Fisker was denied access to more than half of a $529-million government loan that was the cornerstone of its business plan.