Fisker
Karma-based Destino still coming despite Fisker troubles
Fisker, the struggling plug-in hybrid automaker, may not have entered any productive deals with investors but this doesn’t mean that a Destino sedan has been taken off the table. Fisker... Read more about Karma-based Destino still coming despite Fisker troubles
Fisker founder to appear before Congress for DOE loan testimony
Fisker Automotive founder Henrik Fisker is set to go before the House Oversight and Government Reform Committee on April 24, 2013, where he is expected to label the troubled carmaker as a... Read more about Fisker founder to appear before Congress for DOE loan testimony
US Department of Energy recovers $21 million from Fisker
The United States Energy Department recovered $21 million from the reserve account of beleaguered carmaker Fisker Automotive Inc. on April 11, 2013. The move came after Fisker laid off... Read more about US Department of Energy recovers $21 million from Fisker
Fisker was allowed to use federal loan despite term violations
Fisker Automotive Inc. was allowed to keep spending the funds derived from a loan provided by the United States Energy Department despite violating its terms multiple times, according to... Read more about Fisker was allowed to use federal loan despite term violations
Fisker preparing to file Chapter 11 within the next few days
Sources say that Fisker is preparing to file Chapter 11 and that this may take place within the next few days. It’s believed that Fisker’s lawyers have readied the bankruptcy documents... Read more about Fisker preparing to file Chapter 11 within the next few days
Fisker gets a federal lawsuit after laying off 75% of its workers
A federal lawsuit was filed against Fisker Automotive in the U.S. District Court in Santa Ana, Calif., just a few hours after it laid off around 75% of its workers. Fisker is being... Read more about Fisker gets a federal lawsuit after laying off 75% of its workers
A123 Systems (now B456 Systems) settlement cuts claims by Fisker to $15 million
B456 Systems Inc., the new name of collapsed battery maker A123 Systems Inc., has reached a settlement that reduces Fisker Automotive Inc.’s claims by 89 percent from $140 million to $15... Read more about A123 Systems (now B456 Systems) settlement cuts claims by Fisker to $15 million
Fisker terminates lawsuit against XL over hybrid cars wrecked by Sandy
Fisker Automotive Inc. has entered a deal to terminate a lawsuit against XL Insurance America Inc. related to the loss of over 300 luxury cars with a value of around $33 million that were... Read more about Fisker terminates lawsuit against XL over hybrid cars wrecked by Sandy
Fisker receives investment offers from three foreign carmakers
Three foreign carmakers have submitted serious offers to invest or to partner with financially weak hybrid car maker Fisker Automotive, sources privy with the matter told Reuters. Two... Read more about Fisker receives investment offers from three foreign carmakers
Wanxiang is interested in providing financial support to Fisker
Wanxiang Group Co., which recently got the go-signal from a United States Bankruptcy Court to acquire A123 Systems, is indicating that it plans to financially support the battery maker’s... Read more about Wanxiang is interested in providing financial support to Fisker
Fisker hires Huron Consulting to handle day-to-day operations
Fisker Automotive Inc. has commissioned Huron Consulting Group Inc. to help manage its day-to-day operations during a sale or in partnership negotiations. Roger Ormisher, a spokesman for... Read more about Fisker hires Huron Consulting to handle day-to-day operations
Fisker looking for funding and strategic partners in China and other places in Asia
Several Fisker Automotive Inc. officials are looking for funding and strategic partners in China and other places in Asia, according to sources. These partners are regarded to be vital to... Read more about Fisker looking for funding and strategic partners in China and other places in Asia
Fisker sues XL Group after being denied insurance coverage over flooding from Sandy
Because of denying insurance coverage related to damage from flooding, XL Group Plc faces a lawsuit filed by Fisker Automotive. A total of 338 of its Karma plug-in hybrids, valued at... Read more about Fisker sues XL Group after being denied insurance coverage over flooding from Sandy
Fisker production on hold until A123 sale clears
The short-term outlook of hybrid sports car maker Fisker Automotive may depend on the result of the bid of Chinese components maker Wanxiang Group to acquire collapsed US battery company... Read more about Fisker production on hold until A123 sale clears
Fisker in talks with three automakers over possible partnerships
Fisker Automotive chief executive Tony Posawatz disclosed that the luxury plug-in hybrid carmaker is holding talks for three potential partnerships with other companies. He said that... Read more about Fisker in talks with three automakers over possible partnerships
Joel Ewanick joins Fisker as interim head of global sales and marketing
Joel Ewanick is the new interim chief of global sales and marketing of Fisker Automotive. Fisker spokesman Roger Ormisher said that the 52-year-old Ewanick will replace industry veteran... Read more about Joel Ewanick joins Fisker as interim head of global sales and marketing
Fisker to open tech center in Midwest US to aid Atlantic development
Fisker Automotive is planning to open a tech center in the Midwest to aid in the development of its second hybrid vehicle, the Atlantic. The carmaker is considering a plan to set up the... Read more about Fisker to open tech center in Midwest US to aid Atlantic development
Thanks to Sandy, Fisker lost more than $30 million worth of luxury cars
As you may know already, the Superstorm Sandy made quite a damage among car companies but it appears that Fisker Automotive was one of the most affected as it lost more than $30 million... Read more about Thanks to Sandy, Fisker lost more than $30 million worth of luxury cars
Fisker asks bankruptcy judge to postpone the auction of A123 Systems
Fisker Automotive Inc. has asked a bankruptcy judge to postpone the auction of A123 Systems Inc., a U.S.-based electric-car battery maker. Gregg Galardi, the attorney of the luxury hybrid... Read more about Fisker asks bankruptcy judge to postpone the auction of A123 Systems
Electric-vehicle sales figure still far from reaching Obama’s target for 2015
President Barack Obama has invested $5 billion in taxpayer money to achieve a goal of having a million electric vehicles plying on the streets of the United States by 2015. However,... Read more about Electric-vehicle sales figure still far from reaching Obama’s target for 2015
Fisker plans to start Atlantic production as early as late 2014
Fisker Automotive is intending to commence the production of its second model, the Fisker Atlantic, in late 2014 or 2015. The announced timeline is at least two years later than what the... Read more about Fisker plans to start Atlantic production as early as late 2014
Fisker raises over $100 million in funds from private investors
Fisker Automotive Inc. has managed to obtain over $100 million in fresh funds from private investors, bringing the carmaker’s total raised equity to more than $1.2 billion. The funds came... Read more about Fisker raises over $100 million in funds from private investors
Fisker to recall its Karma sedan to repair a faulty cooling fan
Fisker Automotive Inc. is planning to recall all of its $103,000 Karma sedans to repair a faulty cooling fan linked to a California fire. Fisker, which makes luxury plug-in hybrid cars... Read more about Fisker to recall its Karma sedan to repair a faulty cooling fan
Fisker hopes to raise $150 million to fund operations, reach breakeven
Fisker Automotive is planning to raise around $150 million in additional funds to remain afloat and to achieve breakeven until it could commence production of its second model, Ray Lane,... Read more about Fisker hopes to raise $150 million to fund operations, reach breakeven
Fisker engineers start probing the Karma fire
The engineers of Fisker Automotive engineers have began to study and test a Karma plug-in hybrid that burst into flames last Friday in a parking lot in Woodside, Calif. Fisker said that... Read more about Fisker engineers start probing the Karma fire
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