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Fisker May Follow A123 To China
Reports by Bloomberg suggest that Fisker could sell up to an 85 percent stake to Chinese automaker Dongfeng. The automaker apparently bid $350 million for the beleaguered plug-in car maker, according...
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Fisker Will Be Chinese, One Way Or The Other
Not Dongfeng, but China’s Geely currently looks best positioned to profit from U.S. government largesse by buying beleaguered and DOE-funded plug-in car maker Fisker, Reuters reports. According to the...
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Henrik Fisker Pulls The Chute
Henrik Fisker has resigned from the automobile firm that bears his name, as the company’s future looks to be headed towards an inexorable buyout by a Chinese auto maker. Fisker sent an email to...
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Geely No Longer Interested In Fisker
Fisker is still likely to be rescued by a Chinese savior, but it won’t be Geely. Reuters is reporting that Fisker’s outstanding obligations to the Department of Energy have scared off the Chinese auto...
View ArticleDisagreement At Fisker: Bailout By Which Government? American? Chinese?
When Henrik Fisker left last week, all we knew was that he “disagreed on business strategy” with the management, code for “board-room brawl, founder leaves in a huff.” Now we know where the...
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Electric Dreams Go Down The Drain: Fisker Twirling Faster
Fisker did put its entire workforce, all 200 of them, on furlough, “while it continues to search for a strategic partner,” Reuters says. That search is not going so well. And quite possibly, the...
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Fisker: How To Light $529 Million On Fire
Fisker has laid off nearly all of its rank and file employees. Reuters reports that 160 people were out of a job as of today, while 53 senior employees will stay on, apparently to help find a buyer...
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Detroit Electric Will Outsource Much But Will Assemble Own Battery Packs
Click here to view the embedded video. While Damon Lavrinc at Wired’s Autopia makes the observation that the revived Detroit Electric company seems to be following the Tesla playbook, launching their...
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Fisker Fires Workers, Gets Sued
On Friday, Fisker fired most of its rank-and-file employees, 160 out of a total 210, and promptly got into hot water for doing so. The law firm Outten & Golden filed a class-action lawsuit for...
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Issa Wants House To Investigate Fisker Loan
California Congressman Darrell Issa wants to investigate the Department of Energy’s loans to nearly-bankrupt Fisker after the company laid off most of its employees and retained bankruptcy lawyers...
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VC Firms Expected To Take A Billion Dollar Bath On Fisker
PrivCo, a private corporate intelligence firm, has published a 20+ page dossier on Fisker’s seemingly strong ability to fundraise for itself, while failing to do a good job of actually creating cars....
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DoE Gets Some Money Out Of Fisker
The U.S. government has managed to recover $21 million in cash from Fisker, funds that will go towards repaying the nearly $200 million its received from the government in the form of loans....
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Fisker Taken Out Behind Capitol Hill’s Woodshed
Congressional Republicans blasted current and former Fisker executives, as well as an official from the Department of Energy over missed milestones for their Department of Energy loans, which saw the...
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The Fisker Saga, Courtesy of GigaOM
Most of our readers probably already know the broad strokes of the Fisker story. If you’re interested in the finer details of the history of the extended range EV company that appears to be circling...
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Has the Dept of Energy’s Advanced Technology Vehicle Manufacturing Program...
Click here to view the embedded video. Critics of the current administration have pointed to the impending bankruptcy of Fisker Automotive and the recent suspension of operations at taxi maker Vehicle...
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Reuters: Lutz To Help Chinese Buy Fisker On The Cheap
When former TTAC Editor-in-Chief and now Editor emeritus Edward “Op-Ed” Niedermeyer wrote an op-ed in the Wall Street Journal and warned that GM’s center of gravity shifts more and more to China, GM’s...
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Lutz And Chinese Offer One Penny On The Dollar For Fisker
Fisker is worth around 200 Karmas at retail. “A team including former General Motors Co executive Bob Lutz and China’s largest parts maker is looking to buy Fisker Automotive for $20 million, a...
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Henrik Fisker Called, He Wants His Company Back
Henrik Fisker paired up with Hong Kong billionaire Richard Li to get his company back. Fisker is a co-founder of severely troubled Fisker Automotive. Li and Fisker are trying to buy the U.S....
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Another One Bites The Dust: Better Place Bankrupt
Better Place “filed a motion in an Israeli court to wind up the company, bringing an end to a venture whose battery charging network had aimed to boost electric car sales,” Reuters says. Better Place,...
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Tales From The Cooler: Instant Karma Depreciation
During all the turmoil facing hybrid automaker Fisker Automotive recently, from closing its doors to a possible resuscitation led by Bob Lutz, one thing has remained constant: the rapidly collapsing...
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