The company execs won’t even admit they’re working on an Apple Car, but almost everyone in the business thinks it’ll be here by 2020.
Browsing the "A123" Tag
Thanks to a Freedom Of Information request, The Guardian has learned that an Apple Car may be tested soon at a secret facility near San Francisco.
Earlier this year it came out that Apple was being sued by battery maker A123 Systems for poaching one of its top electric vehicle battery engineers. While A123 has said it is getting out of the EV business, the lawsuit also alleges that Apple has lured away other big battery builders, lending credence to rumors […]
BMW announced that it has entered into a new agreement with Samsung to supply batteries for its i3 and i8 models, and even share battery technology.
The dust has settled, and pending approval by the courts, China’s Wanxiang will become the owner of Fisker Automotive for $149 million.
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.
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!
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.
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.
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.
2012 has not been a good year for Fisker, and the bad news just keeps coming. With the bankruptcy of its main battery supplier, A123 Systems, production of the Fisker Karma plug-in hybrid has been halted. Not good.
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.