Fisker Automotive

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...

Fisker Automotive has put its U.S. workforce on furlough this week as the troubled automaker seeks to save cash. The company has spent recent months seeking a buyer, and hasn't produced a car since July, following the bankruptcy of its battery supplier, A123 Systems. According to Reuters, Fisker...

While Henrik Fisker's departure from the company he founded has dominated the headlines of late, Fisker Automotive itself still has other problems to deal with. Top of the list is finding a buyer to help fund its future, and up until now, two Chinese companies--Dongfeng Motor Group Co. and Zhejiang...

The news that Henrik Fisker had left Fisker Automotive came on Wednesday, leaving electric-car advocates and Fisker Karma fans wondering just what had happened. Fisker himself cited "major disagreements" over the company's "business strategy." A statement released within hours by Fisker Automotive...

Henrik Fisker, co-founder and executive chairman of electric car company Fisker Automotive, quit the company today. In a statement sent to Autocar and other outlets, Fisker confirmed his resignation from the company bearing his name, citing disagreements over the company's strategy. The statement...

Chinese companies Geely and Dongfeng are said to be among bidders from "different continents" looking for a controlling stake in troubled automaker Fisker Automotive. Fisker, which has suffered setback after setback over the last few years of its Karma range-extended sedan being on sale, is...

Last week's Chicago Auto Show had relatively few debuts; the Chevrolet Cruze diesel and a redesigned Toyota Tundra pickup truck were the most noteworthy. But the featured speaker at a luncheon thrown by the Economic Club of Chicago drew a full room: Henrik Fisker, cofounder of struggling startup...

Last week, the Chinese company Wanxiang got U.S. government approval to buy bankrupt lithium-ion cell maker A123 Systems. With that underway, will China's largest auto-parts company now turn its sights toward one of A123's biggest customers, Fisker Automotive? That seemed to be the implication from...

Right now, we seem to get news about Tesla Motors or Fisker Automotive almost every day. Some is good, some isn't. Yesterday, Green Car Reports editor John Voelcker sat down with High Gear Media's social-media manager, Joel Feder, to discuss the two companies in a Google+ Hangout on Air. The live...

Troubled automaker Fisker is bringing in the experts to help it manage day-to-day operations, while the company looks for a partner or buyer. According to Bloomberg, Fisker Automotive has hired Huron Consulting Group Inc. to help it conserve cash. Constant troubles and low sales over the past few...

Fisker Automotive's succession of calamitous events would be hilarious were it not so tragic--the stream of misfortunes so constant you begin to wonder if naming its first vehicle the Karma was a terrible mistake. After losing 338 vehicles through flood and fire during Hurricane Sandy, the...

Fisker Automotive, often referring to in the media as "struggling," is looking for additional funding and a carmaking partner. According to a story in the Wall Street Journal (subscription required), the company has now hired an investment bank, Evercore Partners, to assist in those quests. Fisker...

For Fisker Automotive these days, no news is probably good news. Its latest CEO, Tony Posawatz, has been at the helm for four months now. And Fisker is putting all its efforts toward developing and producing its next model, the Atlantic mid-size sport sedan, by late 2014. In a recent Fox News...

Prodution lines at Fisker Automotive have lain silent for a month, the company revealed yesterday at the LA Auto Show. Fisker CEO Tony Pasowatz said that the hold-up is due to bankrupt battery maker A123 Systems, which is currently in the process of being sold. A123 exclusively provides the battery...

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...

The CEOs of Tesla and Fisker may have thought they were home free--but it was not to be. Both startup electric-car companies were named at the very end of last night's third and final presidential debate. Republican candidate Mitt Romney didn't repeat his charge that Tesla Motors [NSDQ:TSLA] and...

Less than three weeks ago, Fisker Automotive announced it has successfully closed its latest round of funding, netting a total of $100 million more in funds to develop its next plug-in hybrid car, the mid-size Atlantic Sedan. Hopes of driving one any time soon were dashed yesterday, however, when...

There's probably relief in Palo Alto this morning, as Tesla Motors executives quietly give thanks that their company was not named in last night's vice-presidential debate. The startup electric-car company in Silicon Valley was explicitly cited in last week's presidential debate by candidate Mitt...

Republican presidential candidate Mitt Romney has weighed in with his verdict on startup electric-car maker Tesla Motors: It's a "loser." So, for that matter, is another startup that's still in business, Fisker Automotive. The two car companies were lumped in with a pair of bankrupt businesses...

It's probably not much fun being Tony Posawatz, the latest CEO of Fisker Automotive, these days. Consider the list of challenges he faces: Fisker appears to have built only 2,000--perhaps 3,000--of its Karma range-extended electric luxury sedan, not the 15,000 it projected for its first year The...