Browsing the "Bankruptcy" Tag

Saab Facing Bankruptcy…Again

August 13th, 2014 | by Christopher DeMorro

Saab's owner, National Electric Vehicle Sweden (or NEVS) is facing huge bills, causing one of its debtors to file a petition for bankruptcy


VL Automotive Buying Any Fisker They Can Find

February 9th, 2014 | by Heather Carr

VL Automotive is buying any Fisker they can find. VL started out buying Fisker Sunsets and replacing the innards with a Chevrolet Corvette V-8. Since Fisker stopped production in 2012, the number of Sunsets is limited and VL has been having trouble finding enough new or used Sunsets to transform


German Company Puts In $25 Million Bid For Fisker

August 23rd, 2013 | by Christopher DeMorro

Once valued at around $1.4 billion, Fisker Automotive is a husk of its former self, worth just a small fraction of its peak value. With no money left to build cars, Fisker is trying to sell itself to the highest bidder, and so far only Bob Lutz and the Chinese have shown any interest. But the latest suitor comes from Germany, and may be Fisker’s best hope


China’s BAIC Considering Fisker Purchase?

July 22nd, 2013 | by Christopher DeMorro

It’s been awhile since we heard from Fisker Automotive, and with good reason. While the green automakers has managed to (barely) stave off bankruptcy, execs have been scrambling to find a buyer for the builder of the Karma hybrid. Once again Fisker has looked to China for salvation, and has reportedly found a suitor in


Bob Lutz Wants to Reanimate Fisker's Sexy Corpse w/ V8 Power

May 23rd, 2013 | by Jo Borrás

There's significant demand for the Bob Lutz-backed Fisker Karma V8 conversions, especially now that Fisker, the company, doesn't look particularly suited to provide parts and/or technical support for their existing hybrid powertrains. So his interest in Fisker getting bailed out makes sense. That said, it's specifically because of Lutz' involvement that I hope the whole enterprise crashes and burns


5 Reasons America Is Giving Up On EVs Already

August 13th, 2012 | by Christopher DeMorro

The recent economic turmoil has had plenty of victims, among them a number of cleantech companies like Solyndra. These greentech failings certainly have short-term consequences that include loss of employment, but many business commentators have noticed a disturbing trend, especially in the EV battery market. Is America really surrendering its lead on electric cars just a few short years into this experiment? It is starting to look that way for five reasons I outline below



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