Fisker

DOE chief: Fisker's Chinese buyer must keep work in U.S.

12:43 pm U.S. ET | Jan. 22, 2014
The winner between two Chinese-backed bidders for assets of bankrupt electric-car maker Fisker Automotive will have to keep manufacturing and research in the United States, Energy Secretary Ernest Moniz said.... Read More »

 

Fisker auction set for Feb. 12 by U.S. bankruptcy court

12:48 pm U.S. ET | Jan. 17, 2014
A Chinese auto parts maker and a Hong Kong businessman will square off in an auction for Fisker Automotive, the defunct maker of a plug-in hybrid sports car, a Bankruptcy Court judge ruled today.... Read More »

 

Fisker assets to be sold at auction after lender bid limited

7:46 pm U.S. ET | Jan. 10, 2014
Fisker Automotive's assets will be sold at auction after a judge limited the amount of debt that lender Hybrid Tech Holdings can trade for the company.... Read More »

 

U.S. judge clears way for China's Wanxiang to bid for Fisker

3:47 pm U.S. ET | Jan. 10, 2014
A federal bankruptcy judge rejected a planned sale of Fisker Automotive to a Hong Kong tycoon, opening the way for China's largest auto parts company to buy the defunct maker of the Karma plug-in hybrid sports car.... Read More »

 

Fisker seeks rejection of Chinese suitor it blames for its bankruptcy

3:49 pm U.S. ET | Jan. 2, 2014
Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was to blame for its failure.... Read More »

 

Chinese supplier Wanxiang makes last-minute Fisker bid

1:23 pm U.S. ET | Dec. 31, 2013
A unit of Wanxiang Group, China's largest auto parts company, made a surprise bid for Fisker Automotive just days before the bankrupt maker of the Karma plug-in hybrid sports car was to be sold to a Hong Kong tycoon, according to court documents.... Read More »

 

Fisker founder, former directors sued by investor over collapse

1:39 pm U.S. ET | Dec. 30, 2013
Fisker Automotive founder Henrik Fisker and the hybrid carmaker's former directors were sued by investor Atlas Capital Management LP over $2 million in losses it allegedly suffered in the bankrupt company's collapse.... Read More »

 

Fisker won't build cars at former GM plant, Del. senator says

12:34 pm U.S. ET | Dec. 19, 2013
Fisker Automotive, the bankrupt electric-car maker, won't use a shuttered GM plant it bought in Delaware even if its new owner resumes production, Delaware Senator Tom Carper said today.... Read More »

 

Fisker's quick sale through bankruptcy remains on track

6:47 pm U.S. ET | Dec. 10, 2013
Fisker might not be making its plug-in Karma sports cars anymore, but it still knows speed. The company's lawyers convinced a bankruptcy judge on Tuesday that its Chapter 11 should proceed at an unusually rapid pace.... Read More »

 

Fisker sale may come by Jan. 3

12:01 am U.S. ET | Dec. 2, 2013
Fisker Automotive Inc., the hybrid-car maker that failed after losing a U.S. government loan, may be sold by Jan. 3 under a schedule approved by the judge overseeing its bankruptcy case.... Read More »

 

Fisker sale may be approved Jan. 3, bankruptcy judge says

3:34 pm U.S. ET | Nov. 26, 2013
Fisker may be sold by Jan. 3 under an accelerated schedule approved by the judge overseeing its bankruptcy case. U.S. Bankruptcy Judge Kevin Gross on Tuesday approved a faster-than-normal sale process for the company, which filed for bankruptcy on Nov. 22.... Read More »

 

Lutz: Corvette-powered Karmas coming in 2014

12:04 pm U.S. ET | Oct. 18, 2013
VL Automotive, a Detroit venture backed by former General Motors' vice chairman Bob Lutz, is moving ahead with plans to convert Fisker Karmas from hybrid power to Corvette power.... Read More »

 

Hong Kong tycoon likely winner of U.S. loan to Fisker, report says

10:04 pm U.S. ET | Oct. 17, 2013
An investor group led by Hong Kong tycoon Richard Li is the likely winner of a government loan owed by Fisker Automotive, the now-dormant maker of plug-in hybrid sports cars, people familiar with the matter told Reuters on Thursday.... Read More »

 

Fisker loan heads to auction block as U.S. seeks bids

1:00 am U.S. ET | Oct. 11, 2013
The Department of Energy will consider bids to purchase Fisker Automotive's government loan on Friday in what could be the start of a lengthy and expensive process to revive the dormant green-car startup.... Read More »

 

Fisker's green energy loan headed for auction block, U.S. says

5:59 pm U.S. ET | Sept. 17, 2013
Following the failure of Fisker Automotive to repay federal loans, the Department of Energy will try to unload its loan in the plug-in electric car maker through an auction, the agency said Tuesday.... Read More »

 

Fisker's loan up for sale after missed payments to U.S., report says

12:18 pm U.S. ET | Sept. 16, 2013
Following the failure of Fisker Automotive Inc. to repay federal loans, the U.S. Department of Energy is trying to unload its loan in the plug-in electric car maker, either through a straight sale or through an auction, The Wall Street Journal reported.... Read More »

 

U.S. to resume alternative-vehicle loan program

4:04 pm U.S. ET | Aug. 27, 2013
A federal alternative-vehicle loan program criticized by Republican lawmakers for financing two failed startups will resume marketing to industry groups and possible applicants, the Energy Department said Tuesday.... Read More »

 

2 affiliates of electric-car maker Coda seek bankruptcy protection

12:49 pm U.S. ET | June 11, 2013
Two affiliates of failed California electric-car maker Coda Automotive filed for chapter 11 bankruptcy protection in another sign of the challenges facing the green car industry.... Read More »

 

Former Fisker chairman Ray Lane leaves board as bidders circle automaker

4:06 pm U.S. ET | May 28, 2013
Ray Lane, a key investor and former chairman of Fisker Automotive, left the company's board of directors late last week, Kleiner Perkins Caufield & Byers confirmed on Tuesday.... Read More »

 

Lutz touts, then bids on, Fisker

12:01 am U.S. ET | May 27, 2013
Bob Lutz, the former product chief at General Motors, has seen a lot of four-door sedans in his 81 years. So people took note when Lutz rhapsodized about the Fisker Karma in an April 26 blog on Forbes.com.... Read More »

 

Henrik Fisker joins Hong Kong tycoon on Fisker bid, report says

May 24, 2013 16:59 CET
Henrik Fisker is working with an investor group to salvage Fisker Automotive, the plug-in hybrid automaker he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter told Reuters this week.... Read More »

 

Henrik Fisker joins Hong Kong tycoon on Fisker bid, report says

10:59 am U.S. ET | May 24, 2013
Henrik Fisker is working with an investor group to salvage Fisker Automotive, the plug-in hybrid automaker he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter told Reuters this week.... Read More »

 

LaSorda, Penske launch venture fund for tech startups

1:00 pm U.S. ET | May 23, 2013
Tom LaSorda, the former CEO of Chrysler and Fisker Automotive, has started a new venture capital fund -- with investors that include auto racing and retailing executive Roger Penske -- that will invest in startup companies in health care, clean energy, transportation, information technology, software and applications.... Read More »

 

Tesla pays back balance of DOE loan

10:48 am U.S. ET | May 22, 2013
Tesla Motors said it paid off the entire balance of its federal government loan given as part of a Department of Energy program to spur development of alternative energy vehicles.... Read More »

 

Lutz's VL Automotive, Chinese supplier bid for Fisker, report says

May 22, 2013 06:01 CET
A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters.... Read More »

 

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