This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The assets of bankrupt Fisker Automotive were sold to Wanxiang America at the close of an auction in Delaware bankruptcy court that lasted more than two days and lasted 19 rounds. Bloomberg reports that the Chinese company paid a total of $149.2
Fisker Automotive is partnering with China Grand Automotive Group (CGA), the leading passenger car trader in China, to have Fisker vehicles distributed, marketed and serviced in China. Fisker Automotive’s first car, the Fisker Karma, will make its Chinese debut at the Shanghai Motor Show in April 2011.
Chinese companies Geely and Dongfeng are said to be among bidders from "different continents" looking for a controlling stake in troubled automaker Fisker Automotive. Fisker, which has suffered setback after setback over the last few years of its Karma range-extended sedan being on sale, is currently seeking buyers and investors.
Fisker Automotive named former GM’er Tony Posawatz as its new CEO. Tony is the perfect CEO for Fisker. Part of my assignment at Fisker was to recruit a long-term CEO and I cannot think of a better person than Tony to take us forward. Fisker also announced the appointment of Alberto Gonzalez as Vice President of Manufacturing.
That''s essentially the method Fisker''s new Chinese owners Wanxiang Group is taking to revive the once-bankrupt electric automaker--and the stakes are high. "I’ll Throwing money at a problem won''t necessarily make it go away, but it might put you in a position to do something about it.
The man after whom electric automaker Fisker Automotive is named, Henrik Fisker, could now be the man who buys back the company as it spirals into bankruptcy.
Fisker and Foxconn have confirmed that they’re in talks with Wisconsin as the potential manufacturing location for Fisker’s $30,000 electric vehicle—although a series of broken promises from Foxconn could get in the way.
Lucid and Fisker in the past week separately announced plans to sell vehicles in China soon. The head of Lucid's China operations confirmed to Reuters Thursday that the automaker was planning to enter the Chinese market.
Today on Green Car Reports: The assets of Fisker Automotive are sold to Chinese auto-parts conglomerate Wanxiang, why Apple may have come closer to acquiring Tesla Motors than it appears, and we drive new diesel crossovers from Audi, Jeep, and Mercedes-Benz. The remains of Fisker Automotive were sold for.'
The plant that built generations of Hummers is now making Chinese electric vans. And could the maker of the iPhone produce both Lordstown Motors’ electric pickup and a future Fisker EV in Ohio? Rivian is selling direct, like Tesla, but aiming for community. This and more, here at Green Car Reports.
We haven''t heard much about Fisker Automotive in the last few months. The company still hasn''t declared bankruptcy, it hasn''t yet been bought, and it is still apparently in default on its Department of Energy loans. But now there''s a new suitor who''s at least kicking the tires.
While Henrik Fisker's departure from the company he founded has dominated the headlines of late, Fisker Automotive itself still has other problems to deal with. Top of the list is finding a buyer to help fund its future, and up until now, two Chinese companies--Dongfeng Motor Group Co.
After four years, the car formerly known as the Fisker Karma is back in production under new corporate stewardship. Now called the Karma Revero, it's being relaunched under the aegis of Chinese automotive supplier Wanxiang, which bought the remains of Fisker Automotive after the carmaker's 2013 bankruptcy.
If the proverbial Chinese curse is true, Fisker Automotive has truly been living in interesting times. Now Fisker has named board member and vice chairman Tom LaSorda.
The decision has been hanging in the balance for some time now, but Chinese auto parts maker Wanxiang Group has finally won approval to buy bankrupt battery maker A123 Systems. Wanxiang Group fought off bids from American company Johnson Controls to buy A123, which supplies electric car batteries to companies like Fisker.
After a court hearing on Friday, the fate of Fisker Automotive is even more up in the air, and as uncertain as ever. Bankruptcy Judge Kevin Gross ordered a competitive auction of Fisker''s assets, according to the Associated Press, after a last-minute bid by Chinese auto-parts conglomerate Wanxiang.
The announcement accentuates the A123/SAIC joint venture—the first to be established between a non-Chinese battery manufacturer and a leading Chinese automaker, according to A123 Systems—and its focus on developing, manufacturing and selling complete vehicle traction battery systems in China. for production. Earlier post.).
Chinese-owned, California-based Karma Automotive made clear several years ago that its aspirations go well beyond merely resurrecting production of the car originally known as the Fisker Karma.
Last week, the Chinese company Wanxiang got U.S. With that underway, will China's largest auto-parts company now turn its sights toward one of A123's biggest customers, Fisker Automotive? government approval to buy bankrupt lithium-ion cell maker A123 Systems. That seemed to be the implication from a Reuters article last week.
Henrik Fisker hasnt had the best luck with his automotive ventures, but his first company got a new life with Chinese funding and now says it will release new vehicles soon. It still looks like the original car penned by Fisker more than a decade ago, but offers a more modern interior and powertrain features.
Stalled battery production after A123''s bankruptcy is considered one of the main catalyst''s for Fisker''s litany of struggles, while electric-car enthusiasts wondered what would happen to.'
A123 has previously announced battery deals with a major Chinese automaker and several smaller customers in the US, including Fisker Automotive and Navistar, but last August said it had withdrawn from a program to supply batteries for Chrysler electric vehicles.
Fisker, the luxury plug-in hybrid car company that went bankrupt in 2013, was founded by a car designer. Henrik Fisker, the brand's namesake was a designer at BMW before forming his own company.
The original production run of the Fisker Karma luxury sedan was contracted to Valmet Automotive in Finland. Karma, which was created when Chinese auto-parts giant Wanxiang purchased the remains of bankrupt Fisker Automotive, plans to handle production itself.
Chinese university develops new material to increase solid-state battery production. In 2017 the Fisker Inc. The post Chinese university develops new material to increase solid-state battery production appeared first on Promoting Eco Friendly Travel.
The Revero and its platform can trace their origins back to the original Fisker Karma, the design of which pre-dated even the Tesla Model S as an aspirational green car. Karma Revero Invictus Karma was created from the remains of the original Fisker Automotive , which went bankrupt in 2013, and funds from Chinese parts supplier Wanxiang.
A123 Systems, the bankrupt battery maker which supplies Fisker Automotive and others, has finally found a buyer. Chinese auto parts maker Wanxiang Group Corp. fought off a joint bid from U.S. parts company Johnson Controls Inc. and Japan's NEC Corp, with a bid of $256.6
Henrik Fisker hasn't been involved with his namesake company since before it declared bankruptcy in 2013. But Fisker Automotive has continued to bear his name since being purchased by Chinese automotive supplier Wanxiang.
Danish car designer Henrik Fisker appears to have moved on from his eponymous company and the Karma plug-in luxury sedan. Fisker Automotive is now Karma Automotive, and is working its way back from bankruptcy under the wing of Chinese automotive supplier Wanxiang.
After it bought the remains of bankrupt carmaker Fisker Automotive, Chinese auto-parts Wanxiang laid out plans to relaunch Fisker's Karma luxury plug-in hybrid. With namesake Henrik Fisker long gone, those plans included a name change to Karma Automotive. DON'T MISS: Fisker Becomes Karma Automotive, To Relaunch In.
Since it bought the remains of Fisker Automotive last year, Chinese parts giant Wanxiang has promised to restart production of the Karma extended-range electric sedan. And while Fisker hasn't quite been brought back to life yet, it is at least beginning to twitch.
In the beginning was the Fisker Karma. Then came battery cell failures, bankruptcy, a Chinese company, a departing designer, a swaggering auto exec, a big honkin' V-8 engine, and two new companies.
Starting a car company is not only very, very hard—as Tesla, Fisker, and many others testify—but requires breathtaking sums of money. Now struggling Faraday Future, the electric-car startup firm whose entrepreneurial Chinese backer is facing legal action in his home country, appears to have found a well-heeled savior.
Chinese maker Wanxiang, which bought the defunct Fisker Automotive out of bankruptcy, will rename the carmaker Elux, according to a Reuters report this morning. DON''T MISS: Fisker Karma Will Be.'
Fisker in a statement said it has sought Chapter 11 bankruptcy protection with a court in Delaware, and that it is currently in talks with creditors over debtor-in-possession financing and the sale of remaining assets. The move comes roughly a year after the start of deliveries of the Ocean, Fisker’s debut model.
The Fisker Karma extended-range electric luxury sedan has been out of production since July 2012, but it''s hardly gone away. Chinese automotive supplier Wanxiang, which now owns the car company, hopes to restart sales of the low, sleek, striking four-seat sedan under the Elux name sometime next year.
Earlier this week we told you that the future of Fisker Automotive has finally been determined: and now we can confirm that the sale has been approved in a Delaware bankruptcy court. The sale of the electric vehicle maker to Chinese auto parts conglomerate Wanxiang Group was approved by Judge Kevin[.].
Troubled electric carmaker, Fisker has attracted two Chinese suitors; Geely and Dongfeng Motor Group, as the firm looks for a buyer to secure its future. Geely, the firm which bought Volvo from Ford back in 2010, is the favourite to takeover the Californian start-up, best known for its range-extended Karma sports car.
Fisker Inc. customers on June 23, we are excited to move into the Chinese market later this year,” Chairman and CEO Henrik Fisker mentioned in a observation. The post Fisker expects to forming China output as early as 2024 appeared first on Bauaelectric Auto News.
Ailing battery firm A123 Systems, which supplies batteries to Fisker, BMW and GM among others, could soon have a new owner after Delaware courts have imposed a deadline for bids. Two companies vying for A123 and its assets are auto-parts maker Johnson Controls, and Chinese auto-parts maker Wanxiang Group.
Henrik Fisker, Founder & CEO, Fisker Inc. My motto is never give up,” Fisker said at the 5th edition of the 2-day ETAutoTech Summit in Bengaluru. Founded in 2016, Fisker Inc delivered its first vehicle, the Ocean electric SUV last year. Chinese Dominance In 2023, over 8 million electric cars were sold in China.
The Chinese firm bought Fisker Automotive last February and now plans to use the brand to take on the success of rival firm; Tesla. Electric cars Fisker' Battery cars or bust; that is the promise from Wanxiang Qianchao chairman, Lu Guanqui. Speaking to Bloomberg, he said: “I’ll put every cent that Wanxiang earns into[.].
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content