Browsing the "A123" Tag

Fisker Auction Delayed As Bidding Price Doubles

January 16th, 2014 | by Christopher DeMorro

With the surprise last-minute bid for the remains of Fisker Automotive, a Federal judge deceded to delay the Fisker auction until late February. In response to a better bid from the Wanxiang Group, Hybrid Holdings LLC. has more than doubled its bid. Is this the beginning of a bidding war? Sure seems like it


Fisker May Be Saved – By Henrik Fisker!

May 27th, 2013 | by Jo Borrás

When Henrik Fisker walked away from the Fisker brand and his longtime partner, Bernie Koehler, over budget concerns and disagreements about the future direction of the company that bore his name, many thought Henrik had left the ugly business of righting Fisker to someone else. We might have underestimated him: Henrik is trying to buy his company back!


How Fisker Burned Through $1.3 Billion

April 19th, 2013 | by Christopher DeMorro

With Fisker Automotive on the brink of bankruptcy, there are those of us left wondering how this small niche automaker managed to spend $1.3 billion of public and private investments in just a few short years. A new report lays out in detail how Fisker Automotive blew through a billion dollars, while developing and delivering just over 2,000 vehicles, becoming possibly the biggest venture capital blunder in history


Fisker May Sell 85% Stake To Chinese Car Company

February 18th, 2013 | by Christopher DeMorro

2012 was not a good year for Fisker Automotive, and the beleaguered green automaker may turn to Red China for salvation. After shopping around for some Sino investors, Fisker may have found what its looking for in Chinese automaker Dongfeng. Dongfeng may purchase an 85% stake in Fisker for around $350 million, rumor has it


China’s Wanxiang Buys Battery Maker A123 Systems For $260 Million

December 10th, 2012 | by Christopher DeMorro

Call it the worst case scenario come true. After going through a court-managed bankruptcy and auction, defunct EV battery maker A123 Systems has been (mostly) sold to Chinese auto parts maker Wanxiang group The selling price of $256.6 million was the highest bid, though the sale still has to be approved by the government


Battery Maker A123 Systems Files For Bankruptcy

October 16th, 2012 | by Christopher DeMorro

After a difficult year and much lower-than-expected sales of electric vehicles, battery maker A123 systems has filed for Chapter 11 bankruptcy protection in Delaware. The company has agreed to sell its remaining automotive assets to Johnson Controls. Let the game of political football over the $249 million green energy loan A123 received in 2010 begin


ALTe Takes EV Conversions To China For Survival

September 12th, 2012 | by Christopher DeMorro

The cottage industry of electric vehicle conversions was hoping to ride the wave of EV fever into a much larger market. Unfortunately, the high cost of conversions means there are few takers, and several conversion companies have already gone out of business. Yet Auburn Hills-based ALTe Powertrain Technologies believes there is still a market for EV conversions...it just isn’t in the U.S.


A123 Systems Announces Distribution Partnership with Mavizen

April 21st, 2011 | by Susanna Schick

A123 Systems has been a leading Tier 1 supplier of batteries to OEM’s such as BMW, GM, and others since 2001. Until today, their batteries were only available to manufacturers, never to individuals, small businesses, or race teams. Mavizen, a premier technology supplier to the electric motorsports industry, will now be able to sell A123 batteries to anyone who wants one. This is great news for the growing legions of electric vehicle builders, and not just TTXGP racers



Back to Top ↑