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Yesterday former Volt line director and former Fisker CEO Tony Posawatz was announced as a new member of the Electrification Coalition (EC). His contribution to electrification was more pronounced when he was working for General Motors, where he worked over 30 years, and was in charge of the Volt from concerts stage in 2006 to […]

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Fisker’s ex-VP of global design, Alexander Klatt, has joined the College for Creative Studies as MFA Chair of Transportation Design. The College for Creative Studies (CCS) announced the appointment earlier this week. As Vice President of Global Design at Fisker Automotive, Klatt led the development team for the Karma platform, among the world’s first luxury […]

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A U.S. Department of Energy (DoE) sponsored auction of the remaining assets of Fisker Automotive was reportedly finished yesterday, and the winner preliminarily appears like it will be Hong Kong tycoon, Richard Li. The dollar amount reportedly to be paid on the deal which was not yet closed has not been disclosed and further details […]

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One of Fisker Automotive’s most influential backers, Ray Lane, resigned last week from Fisker’s board of directors as investors encircle the ailing company. Lane is a Partner Emeritus at Kleiner Perkins Caufield & Byers (KPCB), the firm whose credibility and backing enabled Fisker to raise hundreds of millions of dollars in private capital. The usually […]

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As far as official info goes, it is anyone’s guess, but anonymous sources have said Henrik Fisker is working with Hong Kong billionaire Richard Li in one of two potential bids to keep Fisker Automotive’s name alive. Henrik Fisker abruptly left the company he co-founded six years ago in March this year, and Reuters says […]

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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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Is it safe to say that Fisker Automotive is not planning to throw in the towel just yet? Almost every commentator is saying the Anaheim Calif.-based plug-in hybrid maker’s bankruptcy is imminent – and for all we know it might be – yet inexplicably the company has just posted a new Web site with an […]

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Fisker’s debacle is making a lot of noise both in automotive and in financial circles. After weeks of analysis by PrivCo’s staff of attorneys, accountants and financial analysts, PrivCo released yesterday its timeline detailing Fisker Automotive’s “Road To Ruin,” supplemented by never-before published documents. Based in New York, PrivCo describes itself as a provider of […]

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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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Financially challenged Fisker Automotive may be entertaining serious bids for a controlling interest by two Chinese suitors. The one looking most favorable, according to a “knowledgeable individual” who spoke to Reuters is the Zhejiang Geely Holding Group. Another possible contender is Dongfeng Motor Group Co. which is owned by the Chinese state, but word has […]

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