Teslarati

MARCH 13, 2024

Electric vehicle maker Fisker has sparked potential bankruptcy filing speculations after a report emerged stating that the company had hired restructuring advisors. The move follows Fisker’s statement in February, which indicated that its “current resources are insufficient to satisfy its requirements” for the next 12 months.

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Teslarati

FEBRUARY 29, 2024

Electric vehicle maker Fisker Inc. Fisker’s stock price plummeted 37% after trading hours following the update. In a press release , Fisker noted that it would need to seek additional equity or debt financing to ensure that its operations could continue. Fisker expects to file its 2023 Form 10-K by March 15, 2024.

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Electric Cars Report

MARCH 18, 2024

Struggling electric vehicle startup Fisker announced today it would pause production of its electric vehicles for six weeks to align inventory levels and progress strategic and financing initiatives. The company said that it delivered 1,300 vehicles since the start of 2024.

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Green Car Congress

SEPTEMBER 27, 2012

Fisker Automotive has completed the initial closing of its current equity financing, representing in excess of $100 million of new funding. Since its inception in 2007, Fisker Automotive has raised more than $1.2 Since its inception in 2007, Fisker Automotive has raised more than $1.2

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Baua Electric

JUNE 18, 2024

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.

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Baua Electric

MARCH 19, 2024

Fisker has paused production of its Ocean electric SUV for six weeks as it seeks to draw down inventory and secure additional financing. To the funding point, Fisker confirmed Monday that it has secured “a financing commitment from an existing investor” of up to $150 million.

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Baua Electric

MARCH 18, 2024

EV startup Fisker (FSR) is pausing EV production for six weeks as its financial struggles worsen. Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough? million on March 15, 2024.

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Baua Electric

JUNE 18, 2024

After many signals suggesting that it would happen, Fisker has officially filed for bankruptcy. The chapter 11 filing came late Monday night in Delaware, where Fisker is incorporated. Soon after, Fisker posted a statement on its website. LOS ANGELES (June 17, 2024) – Fisker Group Inc. Fisker Inc. and other U.S.

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Baua Electric

MARCH 1, 2024

Fisker is in talks with an unnamed “large automaker” for a potential investment, development of one or more EV platforms, and North American manufacturing. The announcement, first reported by Automotive News , came directly from Fisker’s fourth-quarter 2023 earnings report Thursday.

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EV Info

NOVEMBER 21, 2022

Yes – production commences at the Magna Steyr plant in Austria of the Fisker Ocean SUV. Fisker plans to complete just over 42,000 examples in the first year of production but will start with just 300 units in the first quarter. Fisker has started production of the long-awaited Ocean SUV. . We have a Fisker EV on order.

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Green Car Congress

MAY 29, 2012

The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma. Fisker Automotive published its first business update, announcing that revenues had exceeded $100 million in the first four months of 2012. The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007.

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Green Car Congress

NOVEMBER 6, 2012

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Li-ion maker A123 Systems, Inc.

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Green Car Reports

JULY 7, 2021

Special purpose acquisition companies (SPACs) have already raised $7.5 billion for more than a dozen EV-related startups, but with relatively little to show for it, according to new data from Bloomberg New Energy Finance (BNEF).

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Teslarati

JANUARY 8, 2024

Panasonic Automotive already formed relationships with companies in the industry, like Amazon and Fisker. Last year, Panasonic Automotive Systems Company of America unveiled Virtual SkipGen, a collaboration with Amazon. Panasonic Automotive also teamed up with automaker Fisker to create an audio system.

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Green Car Reports

SEPTEMBER 28, 2012

In April, Tom LaSorda--then CEO of Fisker Automotive--said the company was raising additional capital. Today, Fisker announced that it had closed a new found of financing, with more than $100 million coming into the company's coffers.

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Green Car Congress

APRIL 7, 2009

Fisker Automotive, Inc. New York-based Eco-Drive (Capital) Partners LLC, a European-American investment consortium, and Kleiner Perkins Caufield and Byers, an early investor in Fisker, have together agreed to provide the capital. Early production vehicles of the 2010 Fisker Karma are slated to come off the assembly line late this year.

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Green Car Reports

OCTOBER 3, 2012

It's probably not much fun being Tony Posawatz, the latest CEO of Fisker Automotive, these days.

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Teslarati

MAY 9, 2023

Rivian has reported its first-quarter earnings, showing the company has slightly beat its earnings expectations, bucking the industry trend. Fisker reported earnings earlier today, indicating that the business is suffering from weakening demand and a flimsy financial position, following a very similar report from Lucid on Monday.

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Plugs and Cars

SEPTEMBER 28, 2009

The media watchdog is pointing out misleading reports about the government loans secured by Tesla and Fisker recently aired on the "fair and balanced" network. Tags: tesla fisker foxnews battery electric car. Here's one of the FoxNews stories: See the full report here.

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Baua Electric

MARCH 18, 2024

Electrek’s Take Like other EV startups (or any growth company), a higher stock price makes it easier to raise funds (via debt) and attract new investors. Despite the win, Canoo’s finances are still a concern. Fisker (FSR) announced earlier today that it is pausing production after failing to make an interest payment.

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MyEVOnline

JULY 28, 2020

With a market capitalization of $107 billion in January 2020, it stands second behind Toyota, among the most valuable auto companies globally. However, alongside fast Tesla growth, new companies have also entered the EV market, intending to become “The Next Tesla” Start-Ups Planning to Compete Tesla. Fisker Inc.

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Teslarati

AUGUST 14, 2022

In Q1, he liquidated his shares in Fisker and Li-Cycle, which is a lithium-ion recycling company. Ford began delivering its F-150 Lightning EV in May and since then, the company has seen a jump in EV sales. The management fund bought 29,5 million shares in Ford which sold 27, 140 EVs in the U.S. I’d love to hear from you!

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Green Car Congress

SEPTEMBER 13, 2010

is expected to expand A123’s manufacturing capabilities by up to 600 MWh per year when fully operational, contributing to the company’s plan to expand global final cell assembly capacity to more than 760 MWh hours annually by the end of 2011. The new plant in Livonia, Mich.

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Green Car Congress

AUGUST 8, 2012

A123 announced the Wanxiang deal along with its financial results for the second quarter ended 30 June 2012 in which the company reported a net loss of $82.9 A123 announced the Wanxiang deal along with its financial results for the second quarter ended 30 June 2012 in which the company reported a net loss of $82.9

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Baua Electric

JANUARY 5, 2024

Fisker on Thursday said it would add franchised dealerships alongside company-owned showrooms, pivoting away from the pure direct-sales model previously discussed. and Canada and a similar number of dealer locations in Europe this year,” CEO Henrik Fisker said in a statement to Reuters. .

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China EV

AUGUST 13, 2018

I asked Joe Chao, the co-founder and president of GYON, what made his EV company special. “We are not just a car company,” he told me. He also was an SVP at Chrysler, worked at GM, and after leaving DaimlerChrysler worked for Fisker and Karma in China, among others. “We are a system provider.”

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Tony Karrer Delicious EVdriven

APRIL 30, 2009

Still, the company will respond to a push by theObama administration for carmakers to sell plug-ins, he said. “We and Fisker Automotive Inc.,are are also developingfuel-cell cars, those companies, as well as Honda, don’t expecthydrogen to be competitive with gasoline autos until about 2020. General Motors Corp.,

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Tony Karrer Delicious EVdriven

APRIL 28, 2009

Zytek (a UK based company) make the motor and drivetrain for it. Theres a company in Guernsey (a UK island) which does conversions (the Mk1 shape), but I want a current shape model and a 60 mile range is just fine. Automotive.coms auto loan locator can help you get a lower new car finance rate.

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Tony Karrer Delicious EVdriven

APRIL 28, 2009

A troubled company. As a long time Mopar fan, seeing this company go under will hurt. Automotive.coms auto loan locator can help you get a lower new car finance rate. Small size. New technology. An (expected) high price tag. Can these things add up to make a car that people want to buy? What exactly do they have to sell?

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Tony Karrer Delicious EVdriven

APRIL 22, 2009

based Fisker plans to produce just 15,000 plug-in hybrids a year, starting later this year, with pricing to start at $87,900. a lithium battery company. So, Im going to go out on a limb here and say bags of Frito snacks will soon be coming to stores near you with a lot less gasoline, noise and dirty emissions. (2 The Irvine, Calif.-based

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Charged EVs

SEPTEMBER 23, 2022

Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. The US Department of Energy will loan the company $2.5 No photos were allowed, but the company showed a dozen future EVs it said it intended to build.

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Green Car Congress

SEPTEMBER 23, 2013

Two German investors, Ingo Voigt and Fritz Nol, announced their intent to buy Fisker Automotive, the failing plug-in hybrid car company, on 11 September. The team submitted a detailed offer to the US Department of Energy (DOE) along with a letter of intent for restructuring Fisker. DOE auctioning off the Fisker loan.

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Tony Karrer Delicious EVdriven

APRIL 22, 2009

Chrysler LLC, in conjunction with the USPS and select energy service providers, also announced that the company intends to apply for the U.S. Earlier this month, Chrysler announced A123Systems as one of its strategic partners and production battery supplier for the companys initial production electric vehicles.

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Baua Electric

MARCH 23, 2024

As it seeks to sell down an inventory of about 4,700 vehicles, Fisker has paused production of its Ocean EV. Meanwhile, it confirmed “a financing commitment” of up to $150 million, said it continues to negotiate with another automaker—reportedly Nissan—over a strategic partnership, and is pursuing a franchised-dealership model.

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Tony Karrer Delicious EVdriven

APRIL 16, 2009

But GM says it wont get the money until the Obama administration is satisfied the company is financially viable. GM killed that car because of back room deals with oil companies, and now they expect us to believe that they are just so cutting edge now? Gotta love a company that blows nearly 2 billion a year on PR and advertising!

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