Fisker Automotive

  • VL Destino Convertible live photos, 2014 Detroit Auto Show

    Engine swaps are one thing; complete powertrain replacements are another. But if your business is yanking range-extended electric running gear out of a stunning-looking car from a now-bankrupt company, and replacing it with Corvette power, there are two ways you can go. Swaps, new cars You can wait for the limited universe of Fisker Karma owners--about 2,000 or so--to need new powertrains, or you can buy unfinished bodies from the company itself and sell them as brand-new Destinos. Detroit-based VL Industries is pursuing both approaches. But the uncertainty around the ultimate fate of Fisker...

  • 2012 Fisker Karma during road test, Los Angeles, Feb 2012
    Value Of Bankrupt Fisker Soars From $25 Million To $55 Million With New Bid

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

  • 2009 Fisker Karma prototype
    Bankruptcy Judge Orders Remains Of Fisker Auto To Be Auctioned

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

  • Henrik Fisker
    Fisker Fate Up In Air After Last-Minute Bid; Founders Sued As Well

    A flurry of last-minute legal moves puts the fate of bankrupt electric-car maker Fisker Automotive up in the air again.

  • 2012 Fisker Karma
    Fisker Finally Files For Bankruptcy, DoE Loan Sold For $25 Million

    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...

  • VL-Automotive Destino
    VL Destino's Corvette-Powered Fiskers Still On Target

    A V-8 conversion isn't your typical eco-modification, but for Fisker Karma customers it's one way of ensuring a longer-term survival for their vehicle since the company's troubles started well over a year ago. The conversions are offered by VL Automotive, backed by Bob Lutz and using one of two...

  • 2009 Fisker Karma prototype

    The DOE is expected declare Richard Li and his investor group winners of Fisker's outstanding loan.

  • 2009 Fisker Karma prototype
    Energy Department To Sell Its Fisker Loan: Kickstarter, Anyone?

    That sound you heard yesterday was the other shoe dropping. The U.S. Department of Energy is offering its loan to Fisker Automotive for sale to the highest bidder, with a remaining face value of $164 million. The DoE did the same a few weeks ago with a much smaller loan--$45 million--to Vehicle...

  • 2009 Fisker Karma prototype
    Signed Offer For Fisker Automotive Sent To Energy Department

    The fate of Fisker Automotive has been hanging for months, but now an offer for the company has been "signed" and is "on the table." At least that's the word from Ingo Voigt, who with Fritz Nol is one of a pair of German investors who want to buy the company. "I am proud to tell you that we just...

  • 2012 Fisker Karma
    Is What's Left Of Fisker Automotive Worth $25 Million? Maybe

    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...

  • Former Fisker of Bellevue, Washington, dealership, closed as of July 2013 [photo: Brian Henderson]
    One Former Fisker Dealer Vanishes Into History (Photos)

    Remember Fisker Automotive, the startup carmaker that sold the $106,000 luxury range-extended electric sport sedan called the Karma? Hang onto your memories, because the physical traces of Fisker's existence are vanishing quickly. These photos show what's happening to the dealership that was...

  • Ray Lane takes delivery of the first Fisker Karma
    Why Silicon Valley Venture Firm Kleiner Perkins Bet On Fisker, Not Tesla

    Venture capitalists fund a lot of startup companies, and most of them don't pan out. So famed venture firm Kleiner Perkins' stake in Fisker Automotive--which is still trying to sell itself, but hasn't built a car for 12 months--could be viewed as just another failed investment. On the other hand...

  • Fisker Atlantic concept unveiling before New York Auto Show, April 2012

    We haven't heard much about Fisker Automotive in the last few months. The company still hasn't declared bankruptcy, it hasn't yet been bought, and it is still apparently in default on its Department of Energy loans. But now there's a new suitor who's at least kicking the tires. According to China Daily, the Beijing Automotive group (BAIC) visited Fisker's headquarters in southern California last weekend. Earlier Chinese suitors who've assessed Fisker--but not closed acquisition deals--include Volvo owner Geely Automotive, and the owner of A123 Systems, Wanxiang, which is China's largest...

  • 2012 Fisker Karma EcoChic, New York City, Jan 2012
    What's Going On At Fisker These Days?

    At this point, many auto journalists have a pre-written obituary for Fisker Automotive all ready to publish if that company declares bankruptcy. Which, so far, it hasn't. And according to Reuters, its remaining executives are working furiously to arrange a buyout to avoid that fate. In fact, the...

  • 2012 Fisker Karma during road test, Los Angeles, Feb 2012
    Orphaned Fisker Owners Offered $4K/Year Service Contract By...Whom?

    Fisker Karma owners are probably feeling a little abandoned right now. As investors pick over the company like vultures around a corpse in the desert, many owners might be wondering just how they'll get their expensive, luxury plug-in sedan serviced. That's where a company called Hybrid Support...

  • Henrik Fisker
    Henrik Fisker Partners With Chinese Firm To Bid For Fisker Automotive?

    The man after whom electric automaker Fisker Automotive is named, Henrik Fisker, could now be the man who buys back the company as it spirals into bankruptcy. Just a week after ex-GM executive Bob Lutz and Chinese firm Wanxiang bid for the ailing automaker, Reuters reports the company's co-founder...

  • 2012 Fisker Karma
    Wanxiang-VL Offer For Fisker Reported To Be Just $20 Million

    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...

  • VL-Automotive Destino
    Bob Lutz's VL Automotive Bidding For Ailing Fisker: Report

    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...

  • Henrik Fisker

    Fisker Automotive CEO Tony Posawatz didn't attend yesterday's House committee hearing on the company's loan from the U.S. Department of Energy. He's out desperately seeking saviors to avert bankruptcy for the struggling startup electric-car maker, but he still may have had the better day. The title of the hearing, Green Energy Oversight: Examining the Department of Energy's Bad Bet on Fisker Automotive, promised rough sledding for the five witnesses called to testify. Subsidizing Bieber, DiCaprio And Representative Darryl Issa [R-CA], who heads the House of Representatives panel on Economic...

  • Henrik Fisker
    Fisker Misses DoE Loan Payment; House Hearing Tomorrow

    The fortunes of the two highest-profile electric-car startups couldn't be diverging more starkly today. Yesterday, Fisker Automotive failed to make a payment of $10 million on the $192 million of low-interest loan funds it received from the U.S. Department of Energy. And tomorrow company executives...

  • Henrik Fisker
    Is Fisker The Most Tragic VC-Backed Debacle In Recent History?

    In January 2005, legendary car designer Henrik Fisker founded a company to bring innovative new thinking to the automobile industry. Between that date and today, Fisker Automotive would create perhaps the most beautiful car ever made, raise almost $1.4 billion dollars from investors as diverse as...

  • 2012 Fisker Karma
    Congress Sets Date For Fisker Loan Hearings: April 24

    Green energy and electric vehicles are an easy target for politicians at the best of times, but even more so when they fail, taking down millions in unpaid government loans with them. Fisker Automotive isn't dead yet but it does owe the U.S. Department of Energy a large proportion of the $193...

  • 2012 Fisker Karma EcoSport
    Fisker Layoffs Followed By Federal Lawsuit Over Lack Of Notification

    The last few weeks have made painful reading for fans of electric car startup Fisker Automotive. It seems fate has a few more nails to bang in to Fisker's coffin. Automotive News reports the company is now facing a federal lawsuit from 160 employees laid off on Friday, for breaking laws requiring...

  • 2012 Fisker Karma EcoChic, New York City, Jan 2012
    Fisker Karma: Range Extended Electric Car Ultimate Guide

    Make a car desirable enough, and people will buy it whatever is powering the wheels. That's the theory anyway, but in a world of unease over the suitability of electric cars, the Henrik Fisker has taken the more comfortable, usable route to creating an electric car: The range-extended Fisker Karma...

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