Browsing the "Fisker Atlantic" Tag

Wanxiang Wants Fisker To Take On Tesla

May 19th, 2014 | by Christopher DeMorro

Can Fisker’s new Chinese owners build a rival to Tesla Motors? Wanxiang Group’s billionaire owner Lu Guanqiu wants to do just that, or go broke trying


Wanxiang Makes Last Minute Bid For Fisker

January 3rd, 2014 | by Christopher DeMorro

Just when it looked like the Fisker Automotive saga might be put to rest, a last-minute bid from China’s Wanxiang Automotive has thrown the whole thing into a little bit of legal chaos.


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


Fisker Lost $35,000 On Every Karma Sold

June 18th, 2013 | by Christopher DeMorro

Why did Fisker Automotive fail? There are plenty of reasons, though newly revealed internal documents reveal the biggest reason of all. The only product Fisker sold, the Karma sedan, cost the company $35,000 more than they sold it for. Add to that lavish spending by executives and costly engineering mistakes, and you have a company that was doomed to fail from the beginning


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


Ultimate Auto Tweaks The Fisker Karma

April 15th, 2013 | by Christopher DeMorro

The news surrounding green automaker Fisker Automotive has been nothing but negative the past few weeks. But let’s take a step back and admire the Fisker Karma for what it is; a gorgeous, if flawed car with limitless customization potential. Tuning shop Ultimate Auto went to town on a Fisker Karma, and the result only improves on this great-looking ride


Fisker Interview Reveals Few New Reasons For Leaving

March 18th, 2013 | by Christopher DeMorro

Henrik Fisker’s departure from Fisker Automotive seems to indicate that the old ways of running business at the young green car company are over. Citing disagreements with management, Fisker departed amid speculation that the impending sale of the green automaker to the Chinese pushed the founder out of the company bearing his name. But a new interview cities deeper issues with business strategy as forcing Fisker’s departure


Henrik Fisker Out At Fisker Automotive

March 15th, 2013 | by Christopher DeMorro

On Wednesday, founder and executive chairman of Fisker Automotive, Henrik Fisker, resigned from his position on the board of directors. According to an official response from Fisker himself, his resignation has to do with “several major disagreements” on “business strategy.” We wonder if this has anything to do with trying to find a Chinese investor


Fisker Seeking Chinese Savior By Next Month

January 29th, 2013 | by Christopher DeMorro

Sometimes it feels like we are picking on Fisker, because for the past year it has been one bad, sad news story after another. But it is hard to deny that Fisker faces a grim outlook unless they can get a much-needed injection of cash. This means the U.S. based automaker, which builds and ships cars over from Finland, has gone to China in search of funding...and they may have found it


Fisker Planning “Entry Level” Chevy Volt Competitor, Could Align With Chrysler

November 13th, 2012 | by Christopher DeMorro

While 2012 hasn’t been a great year for Fisker Automotive, the luxury hybrid car maker is still chugging along and looking forward. A new report suggests that Fisker is currently planning a third “entry level” model due to compete with the most successful plug-in hybrid on the market, the Chevy Volt. But will this affordable Fisker arrive in time



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