bankruptcy

If all goes according to schedule, U.S. Bankruptcy Court Kevin Gross will rule today on whether the assets from bankrupt Fisker Automotive will be sold to Wanxiang, China's largest auto-parts maker. That company submitted the winning bid of $149 million for the remains of Fisker in an auction that...

The assets of bankrupt Fisker Automotive were sold to Wanxiang America at the close of an auction in Delaware bankruptcy court that lasted more than two days and lasted 19 rounds. Bloomberg reports that the Chinese company paid a total of $149.2 million for the company, or six times the price of...

Hybrid Technology Holdings raised its bid for Fisker Automotive, and announced plans to build cars in Delaware.

After a last-minute bid by Chinese auto-parts giant Wanxiang, Fisker's remains will go to public auction.

It's the news we've been expecting for over a year now: Fisker Automotive filed late Friday afternoon for Chapter 11 bankruptcy protection. The range-extended electric car company has lain dormant for months now, while a frenzy of activity behind the scenes tried to secure its future at the hands...

Hands up all those of you who'd forgotten that Fisker Automotive still exists? The company might not have produced a car in over a year, but the struggling firm is still yet to declare bankruptcy too, as it sits in some kind of automotive hibernation until an investor or buyer can be found. Fisker...

Electric car charging network provider Ecotality announced Monday it had suspended trading due to "material adverse developments". The company, which sells charging equipment and runs the Blink network of charging stations, filed an 8-K report advising of several factors preventing it from meeting...

Electric charging and technology company ECOtality has suspended trading, as what it calls "material adverse developments" see it struggling to meet expected operating losses. The company, which sells charging equipment and runs the Blink network of charging stations, filed an 8-K report this...

When companies like Tesla Motors start talking battery-swapping technology, you get the feeling Israeli firm Better Place just hit the market too soon. Although Better Place (BP) filed for bankruptcy back in May, some companies have shown an interest in keeping its battery-swapping stations...

Battery-swapping Israeli-based electric car network Better Place might have found a buyer, following its bankruptcy filings last week. Solar entrepreneur Yosef Abramowitz hinted on his Facebook profile that his company had offered to assume Better Place's assets from the liquidator. He wrote on...

Yesterday we reported that two companies, VL Automotive and China's Wanxiang Group, had put in a bid for struggling automaker Fisker Automotive. It's now become clear just how little the ailing plug-in carmaker is worth to investors and buyers, with Reuters revealing the VL and Wanxiang bid...

Previously unknown brand VL Automotive surprised Detroit Auto Show goers earlier this year by unveiling the Destino--a V-8-powered luxury sedan based heavily on the Fisker Karma. Now, with Fisker Automotive circling the abyss, Bob Lutz-backed VL is reported to have bid for the ailing luxury...

Coda Automotive has become the latest casualty of the cut-throat electric car industry, today filing for bankruptcy. The company will dissolve the carmaking business and instead put its efforts into Coda Energy, a stationary battery storage business it started in 2011. According to The Detroit...

Newspapers keep in their files pre-written obituaries for people who are old, known to be ill, or famous. We have a feeling we should start dusting off the one we wrote awhile back for Fisker Automotive, which laid off the bulk of its remaining employees this morning at 8 am Pacific time. Numerous...

Storm clouds continue to gather over troubled luxury electric-car startup Fisker Automotive. We reported on Thursday that Fisker had put its entire U.S. staff on a "temporary" furlough to conserve cash. Later that day, a Wall Street Journal article reported on what may be the logical next step...

A123 Systems, the bankrupt battery maker which supplies Fisker Automotive and others, has finally found a buyer. Chinese auto parts maker Wanxiang Group Corp. fought off a joint bid from U.S. parts company Johnson Controls Inc. and Japan's NEC Corp, with a bid of $256.6 million. Reuters reports...

If you're one of the small but loyal band of Think electric car owners in the U.S. and need some warranty work, we suggest you act soon. Reports on the Think-Tank Facebook page for the car suggest the company hasn't found a buyer, and could be gone for good by the end of this year. User and former...

Ailing battery firm A123 Systems, which supplies batteries to Fisker, BMW and GM among others, could soon have a new owner after Delaware courts have imposed a deadline for bids. Two companies vying for A123 and its assets are auto-parts maker Johnson Controls, and Chinese auto-parts maker Wanxiang...

Fisker Automotive has had more than its share of trials and tribulations of late. Now, a new threat has emerged that holds the potential to harm the company severely, by cutting off its supply of lithium-ion battery packs. A123 Systems, its bankrupt battery supplier, wants to end the contract under...

After nearly a three-decade run in the United States market, Suzuki has decided to cease selling automobiles here to focus on its core markets in India and Southeast Asia. Those of us in the industry weren’t surprised by the announcement that American Suzuki Motor Corporation was filing for...