Henrik Fisker

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 »

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 »

Probe of U.S. electric-car loans pledged by Republican Issa

12:11 pm U.S. ET | April 10, 2013

A House panel chairman said he'll accelerate a probe into the Energy Department's loans for alternative-fuel vehicles after Fisker Automotive dismissed most of its workers and hired bankruptcy lawyers.... Read More »

Fisker's job cuts fuel political debate on green energy projects

10:36 am U.S. ET | April 8, 2013

Fisker Automotive's dismissal last week of 75 percent of its employees, after it once received federal loans to build luxury plug-in cars, is adding to the political debate over the federal government's funding of clean-energy programs.... Read More »

Fisker lays off 75% of its employees amid financial woes

12:20 pm U.S. ET | April 5, 2013

Fisker Automotive, the plug-in hybrid sports car maker grappling with financial woes, today laid off 75 percent of its more than 200 employees. About 53 senior managers and executives have been retained to pursue buyers for the company's assets.... Read More »

Fisker furloughs U.S. workforce for a week

9:45 pm U.S. ET | March 27, 2013

Fisker Automotive, the struggling maker of $100,000 plug-in hybrids whose namesake founder abruptly resigned earlier this month, has furloughed its entire workforce in the United States this week to preserve cash as it seeks a financial lifeline.... Read More »

FINAL ASSEMBLY

Sources: Fisker battle was about government role

12:01 am U.S. ET | March 25, 2013

What caused the abrupt resignation of Henrik Fisker from Fisker Automotive this month? A dispute with CEO Tony Posawatz over strategy, including whether to accept more government money, sources told Reuters.... Read More »

Funding rift prompted resignation of Fisker founder, report says

11:00 am U.S. ET | March 19, 2013

The abrupt resignation of Fisker Automotive's founder Henrik Fisker was prompted by disagreements with the company's chief executive over funding and operational strategy, two people familiar with the matter said.... Read More »

Fisker without Fisker: What's next?

12:01 am U.S. ET | March 18, 2013

What happens to Fisker Automotive now that Henrik Fisker is gone? Having produced no cars since last summer and scrambling to find new investors, Fisker's fate may be to pawn its technology and assets to Chinese automaker Zhejiang Geely.... Read More »

DAVE GUILFORD

While U.S. shrugs, China sees gold in green tech

1:32 pm U.S. ET | March 14, 2013

I'm on the outside looking in, of course, but it's not real hard to figure out what's probably happening at Fisker Automotive. Co-founder Henrik Fisker quit his namesake company this week, citing disagreements with management.... Read More »

Henrik Fisker quits Fisker Automotive in dispute with management

10:41 am U.S. ET | March 13, 2013

Henrik Fisker, the former BMW designer who co-founded Fisker Automotive, has resigned from the plug-in hybrid car maker, citing discord with company executives. Fisker, who has been executive chairman for the past 13 months, wrote in an e-mail that the main reasons for his departure were “several major disagreements” with “Fisker Automotive executive management on the business strategy."... Read More »

Henrik Fisker resigns as executive chairman of Fisker Automotive

March 13, 2013 16:41 CET

Henrik Fisker, the former BMW and Aston Martin designer who founded Fisker Automotive, has resigned as the U.S. plug-in hybrid maker's executive chairman. He cited "major disagreements" over strategy with the struggling company's executives.... Read More »

Fisker technology shouldn’t go to the Chinese, U.S. senator says

10:02 am U.S. ET | Feb. 20, 2013

The technology of Fisker Automotive, the plug-in hybrid carmaker that owes American taxpayers about $200 million, shouldn’t be sold to Chinese companies, Senator Charles Grassley said.... Read More »

Fisker weighs offers from possible suitors, including Dongfeng, report says

11:05 am U.S. ET | Feb. 15, 2013

Fisker Automotive, the plug-in hybrid carmaker seeking a buyer, is weighing several bids, including a $350 million offer from Dongfeng Motor that would give the Chinese carmaker majority control, people with knowledge of the matter told Bloomberg.... Read More »

Wanxiang interested in aiding Fisker after A123 purchase

8:04 am U.S. ET | Jan. 31, 2013

Chinese supplier Wanxiang Group, which just won approval to acquire battery maker A123 Systems, said it now wants to help support A123's main customer, Fisker Automotive, the financally troubled plug-in hybrid sports car maker.... Read More »

Fisker hires consultant to help conserve cash during strategic review

3:50 pm U.S. ET | Jan. 29, 2013

Fisker Automotive, the plug-in hybrid sports car maker that’s seeking a partner or a buyer, hired Huron Consulting Group to help manage day-to-day operations during negotiations.... Read More »

Fisker seeks salvation in China, report says

4:46 pm U.S. ET | Jan. 11, 2013

Top executives at Fisker Automotive are scouring Asia - in particular, China - for funding and strategic partners that are viewed as crucial to the automaker's success, four people familiar with the matter said. Top brass of the California-based company are expected to attend next week's Detroit auto show, a key industry event, to keep tabs on the competition and talk to potential customers.... Read More »

Fisker CEO expects to partner with other automakers in 2013

3:47 pm U.S. ET | Dec. 7, 2012

Fisker Automotive’s CEO, warning of the pitfalls facing independent small automakers, says the luxury plug-in hybrid manufacturer is poised to partner with other automakers next year. Tony Posawatz, Fisker’s CEO and former chief engineer of the Chevrolet Volt, told Automotive News that Fisker is in talks for three potential deals in which executives at the “highest levels” of the companies involved are “talking specifics.”... Read More »