Fisker

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 »

 

Lutz's VL Automotive, Chinese supplier bid $20 million for Fisker, report says

2:02 pm U.S. ET | May 21, 2013
A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer of $20 million to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today.... Read More »

 

Ex-battery maker B456 wins court approval for bankruptcy plan

3:19 pm U.S. ET | May 20, 2013
B456 Systems, the bankrupt electric-car battery maker formerly called A123 Systems, won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets.... Read More »

 

FINAL ASSEMBLY

Fisker's funk causes prices to plunge

12:01 am U.S. ET | May 6, 2013
This isn't just a tough time for Fisker Automotive (a Chapter 11 filing seems likely); it's also rough out there for anyone trying to sell a new or used Karma hybrid luxury sedan.... Read More »

 

Big plans, bad karma: How Fisker fell apart

12:01 am U.S. ET | April 29, 2013
The roots of Fisker Automotive's precarious state go back several years, to a time when the company and the Department of Energy established unrealistic sales goals for an unknown automaker working with tricky hybrid technology.... Read More »

 

Fisker, Energy Department blasted over loan to struggling firm

4:07 pm U.S. ET | April 24, 2013
Struggling Fisker Automotive took a bludgeoning today on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric car producer to draw down nearly $200 million in taxpayer-funded loans.... Read More »

 

Henrik Fisker: 'Confluence of events' led to company's downfall

April 24, 2013 06:01 CET
Henrik Fisker's testimony before the U.S. Congress today will paint the automaker he founded as a victim of "a confluence of events" and as an enterprise that is capable of being saved.... Read More »

 

Henrik Fisker: 'Confluence of events' led to company's downfall

3:29 pm U.S. ET | April 23, 2013
Henrik Fisker's congressional testimony on Wednesday before the House Oversight and Government Reform Committee will paint the automaker he founded as a victim of "a confluence of events" and as a still-salvageable enterprise.... Read More »

 

Energy Department recovers $21 million from Fisker

6:12 pm U.S. ET | April 22, 2013
The Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a federal program to spur advanced vehicle development.... Read More »

 

MARK RECHTIN

Get ready for Fisker's public flagellation

12:01 am U.S. ET | April 19, 2013
Top executives from Fisker Automotive are going to be called before Congress on April 24 for a public flagellation. The reason: Alleged profligacy with $193 million of taxpayer money from Department of Energy loans that are unlikely to be repaid.... Read More »

 

Fisker was allowed to draw on U.S. loan after default, report says

4:19 pm U.S. ET | April 18, 2013
Fisker Automotive was allowed to keep using money from an Energy Department loan after violating its terms multiple times, according to a research report.... Read More »

 

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