Two high-profile investors put their money behind the 1,088 horsepower Rimac Concept_One electric supercar, bringing this quiet riot closer to production.
Browsing the "investors" Tag
Investment in big oil companies like ExxonMobil has long been considered a “sure thing” but that may soon change because of something called “stranded carbon asset risks”.
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.
Project Better Place partnered with Nissan and Renault to create a battery-swap system that would be very familiar to anyone who buys a lot of cordless power tools, but the once-promising company looks like it’s headed the way of the Dodo, if reports are to be believed.
The vultures are circling the headquarters of Fisker Automotive, and the clock is ticking as the signs of an inevitable bankruptcy continue to pile up. Fisker has put its more than 200 employees on furlough earlier this week, and with Chinese investors backing out, management has reportedly hired lawyers to begin bankruptcy proceedings. This is the end, my friend.
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.