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.
Browsing the "Fisker Karma price" Tag
After a number of twists and turns that saw Fisker’s founders fighting for control of the company’s possible future against such industry visionaries as Bob “let’s just put a 60-year-old V8 in it!” Lutz, it appears that Hong Kong Billionaire Richard Li is the likely winner of a government loan owed by Fisker Automotive. That […]
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?
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.
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 BAIC.
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 its shortcomings as a green car, the Fisker Karma is still very much a gorgeous vehicle. It was so sexy that the Bob Lutz-backed VL Productions planned on producing a V8-powered version called the Destino. As it turns out the failure of Fisker may have been a blessing for Destino fans, as hundreds of Karma owners are reportedly seeking the 556 horsepower conversion for their former green cars.
With a $100,000 price tag, the Fisker Karma is one of the more expensive options when it comes to buying a “green” car. But what if you could get a Fisker Karma for just $500? One lucky person will be granted that wish, and the odds will be in their favor.
2012 was not a good year for green car maker Fisker, makers of the Fisker Karma, and the news isn’t getting any better. A new report reveals that Fisker hasn’t built a car in six months, which is troubling in and of itself. Even worse though, Fisker claims this is no big deal, because they have a “sufficient supply” of Karma hybrids on hand. So why is that bad?
We all know somebody who seems to never catch a break. Sometimes their “bad luck” is merely a result of their own poor decisions. But sometimes, these people seem to get screwed by fate time and again, through no fault of their own. Fisker Automotive has made plenty of poor decisions, but this time it really seems like they’re getting screwed, as their insurance company is refusing to pay for $33 million worth of Karma hybrids destroyed by Hurricane Sandy.
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.
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?
Fisker hasn’t had a great year, but the plug-in hybrid car company is chugging along and starting to build some serious cred as the green car of choice for the affluent. What started with a chrome Fisker Karma owned by Justin Bieber is snowballing into a display at the massive SEMA Show in Las Vegas, as well as a cameo role in the upcoming spy movie Paranoia.
Despite what most analysts would call a bad year, at least publicity-wise, Fisker is plugging along raising money left and right. The maker of the Fisker Karma needs to start making some money though, and founder Henrik Fisker may be considering expansion beyond the auto industry…specifically building a hybrid boats.
The brainchild of Henrik Fisker, the Fisker Automotive company, has not had a lot of good news to tout this year, and this next story isn’t much of a help. According to a new report, the mid-sized, $50,000 Fisker Atlantic won’t begin production until 2014 or 2015. Can Fisker last that long?
Last week was an onslaught of bad news for Fisker Automotive, maker of the $100,000 Fisker Karma. The Irvine, California-based company was forced to recall its cars due to a fire hazard while a major investor told the press that the company needs another $150 million to build its next car. To top it all […]