Fisker’s saga is far from over and businessmen around the world are hovering over its Karma. We heard news not long ago that Detroit-based VL Automotive, in which ex-GM executive Bob Lutz is involved, is planning on selling V8-powered Fisker-bodied vehicles. According to news agency Reuters, VL Automotive is partnering with China’s Wanxiang Group with
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Consumer Reports’ just-released Model S road test says it may be the best car it has ever tested, but the publication cannot recommend it. While the review gushes with praise for the car that “takes everything you know about cars and stands it on its head,” keeping to a tradition of conservatism, it essentially says
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Eyes are on Fisker Automotive as the threat of its bankruptcy looms, financial obligations are not met, and no buyer or bailout is in sight. The company missed its deadline yesterday to pay its first installment on around $193 million in low-interest federal loans, and today several principal executives are scheduled to stand before a
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This morning at 8 am Pacific time, Fisker Automotive laid off an additional 160 of its employees. This report comes trailing similar grim news that around 200 had been laid off – or as Fisker’s PR team had phrased it, “furloughed” and bankruptcy was being considered Word has it a mere 53 employees remain out
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This week Fisker Automotive, the California-based maker of the Karma hired restructuring lawyers at Kirkland & Ellis LLP to begin exploring potential bankruptcy protection. Needing cash, having not produced a Karma since last July, unable to find a suitable partner or investor, and with an April 22 loan payment looming, Fisker is considering the possibility
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Henrik Fisker, the founder and executive chairman of the California-based maker of the only pure series hybrid production car has left the company. Citing “several major disagreements” with members of Fisker Automotive’s leadership team, company representatives said the talented designer who penned its entire existing and said-to-be pending product line has abandoned his aspirations with
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Some people watching Fisker Automotive have predicted the company will not survive, especially since it was revealed it has stopped Karma production and its battery supplier filed for bankruptcy in October, but assembly is reportedly due to resume. Last week, company co-founder Henrik Fisker told reporters production will begin again “fairly soon.” He gave no
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Recently at the Detroit auto show, General Motors’ 2014 Cadillac ELR was awarded the Eyes on Design honor as Best Production Vehicle, and the company has posted a video of its designer talking about his work. In his brief talk, Cadillac Exterior Design Manager, Tim Kozub highlights how the company tried to stay true to
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BMW’s pending i3 all-electric car will offer an optional 2-cylinder motorcycle-derived engine stuffed in the trunk area to extend range to 250 miles. The vehicle is now on display in Detroit and the configuration is akin to that of the Chevy Volt and more closely to the Fisker Karma, as the gas-powered engine is used
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In light of several setbacks, Fisker Automotive is weighing options of seeking funding from Chinese auto interests, and reportedly hasn’t assembled any of its extended-range electric Karma sedans in the past six months. According to Reuters, one of the Chinese firms is Wanxiang Group, the company that in December won an auction for bankrupt U.S.
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