Browsing the "Fisker Automotive" 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

Fisker Name May Not Come With Sale

February 5th, 2014 | by Christopher DeMorro

While the Fisker Karma may get another chance at production thanks to a last minute bid from Wanxiang, the Fisker name and logo may not come with the sale

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

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.

Fisker Going To Auction In October

September 19th, 2013 | by Christopher DeMorro

In a bid to get back the some $168 million Fisker still owes the Feds, the rights to the Fisker name and technology will be put up for bid this October. Is Fisker’s fate sealed

Official Bid Made For Fisker As Government Mulls Auction

September 17th, 2013 | by Christopher DeMorro

The long, drawn-out death of Fisker has been carried out in slow motion the past few months as the automaker sought one last lifeline. So far though nobody has stepped up to save Fisker, and the vultures are circling. Germany's Fritz Nol has put in a bid for Fisker, and government handlers are said to be considering an auction to try and recoup as much money as possible

Detroit Electric To Start Production In Holland

September 2nd, 2013 | by Christopher DeMorro

The second revival of the Detroit Electric name is banking on a carbon copy of the Tesla Roadster to get the ball rolling on this new/old brand, as well cashing in on Detroit's resurgence as a manufacturing hub. Alas, production delays and the lack of a factory deal has sent Detroit Electric to Holland to begin production. Is this Fisker

Government ATVM Green Loan Program Restarts

September 2nd, 2013 | by Christopher DeMorro

2012 was a year of political football for American automakers new and old, with Republicans and Democrats punting GM, Tesla, and Fisker back-and-forth before the presidential election. It got so bad that President Obama put a temporary hold on the Advanced Technology Vehicle Manufacturing green loan program, but that hold has been lifted and applicants are encouraged to apply once again

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

Despite Failures, DOE Green Loan Program Not Such A Flop

May 24th, 2013 | by Christopher DeMorro

With recent high-profile failures of government-backed alt-fuel projects including Fisker Automotive and the Vehicle Production Group, one wouldn’t be blamed for thinking the green energy loan program was a flop. But a well-written analysis of the program finds that, despite incessant criticisms, the program did better than some people would have you think

DOE Loan Rules Tightened After Fisker Failures

May 13th, 2013 | by Nicholas Brown

The Department of Energy's loan program for the advancement of vehicle technology underwent some significant changes following Fisker Automotive's financial problems. The Feds decided to tighten restrictions and hopefully mitigate wasteful spending, though that has done nothing to cull critics of the green energy loan program

EV Maker Coda Automotive Files For Bankruptcy

May 1st, 2013 | by Christopher DeMorro

The bell has tolled for electric vehicle maker Coda Automotive, which earlier this year laid off almost all of its employees following dismal sales for their all-electric Coda Sedan. Today the EV maker filed for bankruptcy, and going forward will focus on “energy storage solutions.” In other words, Coda, as a carmaker, no longer exists

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

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