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Eyes are on the yet-not-bankrupt, but essentially dead-in-the water remainder of Fisker Automotive which is due to have its assets auctioned off this Friday. The U.S. Energy Department intends to control the sale as it is owed $168 million by Fisker, and perhaps the prospect of money partially repaying taxpayers was enough to justify the […]

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Fisker Automotive, which has not produced a car since last year and laid off most of its staff in April, reportedly saw its CEO Tony Posawatz step down this month as it also contemplates a fire-sale offer of $25 million from a German company. We do not know if the two events are related nor […]

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In addition to having some form of marketing presence for cars it is not at the moment producing, between the lines Fisker Automotive could implicitly be saying more, but what it’s really trying to impart is a mystery. Within the past couple of weeks the Anaheim, Calif.-based company has added pages to its new site […]

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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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The documents are drawn up, and Reuters reports Fisker Automotive could file for bankruptcy protection as soon as this week as pressures loom. Bad news and what-went-wrong stories abound at present, and these make previous times of mere upsets like unexpected Karma price increases, delays, recalls, negative reviews, and lost Energy Department loans look like […]

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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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Not surprisingly, it was largely about money. In this case, according to anonymous sources divulging internal communications at Fisker Automotive, things came to a head between Henrik Fisker and CEO Tony Posawatz over whether federal funds should be relied upon. Contrary to other speculation, the founder of his namesake company did not walk out because […]

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