Banks will not lend again until their balance sheets are restructured and the legal uncertainties surrounding frozen deposits and loan repayments are reduced.
The special loan was frozen in February, though, as Fisker Automotive failed to meet certain targets set by the DoE, forcing the company to look for additional funds to develop and launch its second model, the Fisker Atlantic.
Fisker had seen an important loan by the Department of Energy frozen after failing to meet certain targets, and had been in strategic talks with other automakers, including some from China.