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Tony Posawatz

  • 2009 Fisker Karma prototype

    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 sent our detailed offer including a signed LOI and short presentation of our restructing plan to the DoE on fax and mail," says a post by Voight yesterday on Facebook. "Now it's time to pray!" he concludes. "LOI" refers to "letter of intent," the official document offering to buy the company. The...

  • 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
    Why Fisker Left Fisker: Would Have Been 'Wrong To Stay'

    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...

  • 2012 Fisker Karma in Costco parking lot, Santa Monica, California [photo: Chris Williams]
    Will Fisker Get Help From Wanxiang, New A123 Systems Owner?

    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...

  • Henrik Fisker
    Down To The Wire: Fisker Wants Partner By Next Month

    The clock continues to tick for Fisker Automotive, which hasn't built any cars for roughly six months now. The company's new CEO, Tony Posawatz, has said Fisker is seeking a partner--some might say savior--that it can work with to help launch the Fisker Atlantic mid-size sedan it unveiled at last...

  • 2012 Fisker Karma in Costco parking lot, Santa Monica, California [photo: Chris Williams]
    Fisker Hires Investment Bank To Find Funding, Partner Companies

    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...

  • 2012 Fisker Karma in Costco parking lot, Santa Monica, California [photo: Chris Williams]

    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 interview, Posawatz offered hints that Fisker may try to get access to the rest of its Department of Energy low-interest loan for that purpose. "We do need a little more funding to take that next step" and put the Atlantic into production at its plant in Wilmington, Delaware, Posawatz told Fox. "We are...

  • Fisker Atlantic concept unveiling before New York Auto Show, April 2012
    Fisker Atlantic Could Bring New Strategic Partners, CEO Says

    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...

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