VL Automotive made its name by taking the bodies of Fisker Karma electric vehicles (EVs), removing the troublesome and unreliable electric drive systems, and replacing them with the bullet-proof, a
The road to an electric mobility future is and will be lined with failures, promising companies that broke down along the way to achieving their lofty goals, to paraphrase an old New York Times hea
The entity collectively known as Fisker Automotive has now been officially sold to Chinese automaker Wanxiang America Corp. (Wanxiang) according to an official press release issued by the company.
Fisker has been going away for so long we almost forgot that the company’s last assets had not yet been auctioned off. That was done Friday.
Friday afternoon, the Obama administration announced the results of its loan to Fisker now that things have shaken out.
According to news reports, a Chinese investor group led by Richard Li has bought out the Department of Energy loan to Fisker Automotive.
The fate of Fisker Automotive has been hanging by a thread for months, following the departure from Henrik Fisker from the company and an apparent collapse of buyout talks.
The Dept. of Energy Advanced Technology Vehicle Manufacturing loan program has some great successes behind it, such as the Nissan Leaf, the Chevy Volt and the Tesla Model S.
Henrik Fisker left the company which bears his name back in mid March amidst massive financial turmoil and with his departure from the company founded on his vision – it seemed that the Fisker bran
The VL Destino debuted earlier this year at the 2013 North American International Auto Show with the help of former General Motors chief Bob Lutz.
Is Fisker Automotive about to completely collapse and disappear from the face of the earth?
The Fisker Automotive board of directors was scheduled to meet this morning and among the topics of discussion would most certainly be the possible timing of Chapter 11 bankruptcy filings.
Fisker Automotive has spent the past year or so hunting for “strategic alternatives” to solve their financial crisis with the most interested parties being a handful of Chinese companies.