In his statement to Local 2 LaVera also included a breakdown of the loan agreement with Fisker:

* Fisker's loan has two parts. The first includes $169 million to support the engineers who developed the tools, equipment and manufacturing processes for Fisker's first vehicle, the Fisker Karma.

* That work was done in Fisker's U.S. facilities, including its headquarters in Irvine, California which has 700 employees and plans to continue hiring.

* More than 45% of the components of the Fisker Karma sedan are manufactured by approximately 40 suppliers located in the U.S.

* The larger portion of the loan -- $359 million - is to support the production of Fisker's Nina vehicles (now called the Atlantic). Fisker plans to use this funding to bring a shuttered General Motors plant in Delaware back to life and employ more than 2,500 workers.

* According to public reports, this second Fisker car is expected to be approximately $50,000.

* To date, Fisker has drawn down less than $200 million of the $528 million loan.

* Fisker has successfully raised more than $1 billion in private sector investment to support its ongoing operations since closing its DOE loan.