Why is Fisker Automotive on the brink of collapse? (reportedly) The news is full of stories today saying that Fisker Automotive is unable to pay its bills, has laid off 75% of its workforce, is being sued by the landlord and the webmaster for lack of payment, that the negotiations…
It’s looking more and more that Fisker Automotive is circling around the Bankruptcy end game. On Wednesday the company announced a temporary furlough of employees, so the company could preserve cash. On Thursday, the Wall Street Journal reported that Fisker’s management is now exploring bankruptcy, but unfortunately that article is…
After about six years of leading Fisker Automotive, Henrik Fisker has resigned amid financial problems and an impending sale of the company to Chinese automakers. What leads a company founder to leave his company while it is under fire? We don’t know for sure, but it is clear that the…
Several good milestones were reached in the world of Tesla Motors. The first expansion of the Supercharger network began with construction of stations on the East Coast. That’s a good milestone, however the company seems to be behind original projections for the network in California. That the lawsuit from the…
Today A123 Systems announced a Chapter 11 bankruptcy and sale of the company’s automotive business assets to Johnson Control. This is the beginning of the end for the company that was formerly the darling of the green technology hype machine. The company has developed some amazing battery technology, but ran…
To hear some pundits say it, Fisker Automotive is in death throes because the Dept of Energy froze the loans, and the company laid off some workers, instead the company’s inaugural business update paints the picture of a company successfully selling the Karma and raising investment dollars to launch production…
Newly discovered Fisker documents, dated from several weeks ago, showcase previously unknown facts about the upcoming EV. Prior to yesterday, there was not a great deal of information available regarding the upcoming Fisker Atlantic. Originally called “Project Nina,” the Atlantic is a plug-in hybrid concept first shown publicly at the…
Fisker Automotive’s long awaited new car, the Fisker Atlantic, was revealed today on the eve of the New York Auto Show, continuing the company’s tradition of extended range electric luxury cars it is a family-oriented car meant to be compared with the Audi A5 or BMW 3-series. Today, on the…
A teaser sketch of Fisker’s Project Nina was released yesterday, the car is the first of a long-awaited line of plug-in hybrid electric cars, and the company has announced it will give the public “a glimpse of the future of” the company. Yesterday, Fisker Automotive quietly released a teaser photo…
Fisker Automotive has released a press release denying allegations that the company rushed the Fisker Karma into production in an attempt to meet Department of Energy loan milestones. Fisker Automotive is denying last weeks report that delivery of the Fisker Karma was rushed in an attempt to meet deadlines in…
Last week Consumer Reports posted a brief report that the Fisker Karma, a plug-in hybrid luxury sedan, that CR had bought for testing had died, and was towed back to the dealer for servicing. This prompted a flurry of coverage, some of it over-hyped negativity, and I posted a piece…
Startup lithium battery manufacturer A123 Systems is in a rocky period, between troubles at Fisker Automotive, and new deals with Tata and SAIC, the largest automakers in India and China respectively. A123 Systems is on a roller coaster of a ride right now. The company has announced several new deals…
Henrik Fisker says production of the Fisker Karma is not dependent on Dept of Energy loans, and that the company is pursuing a “plan B” to fund the company independently from private investors to prevent the company from being a political football. In early February, Fisker Automotive laid off a few workers following a suspension of…
Yesterday news broke thatFisker Automotive reportedly lays off workers in wake of missing DoE loan milestones, namely that the Department of Energy has frozen the loan program for Fisker Automotive because Fisker has failed to meet the business development required milestones. Because of the frozen loan program, Fisker laid off…
Fisker Automotive runs into cash crunch, after missing milestones in the Dept of Energy loans program, due to repeated delays on the Fisker Karma plug-in hybrid luxury sedan. Fisker Automotive, the designer and manufacturer of high end luxury plug-in hybrid cars, has run into a cash crunch and is laying…
