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0Official: A123 Systems, now B456, wins court approval to exit bankruptcy 1369245780
It's official: A123 Systems Inc. is passing through its final phase. The bankrupt lithium ion battery maker, now going by the name B456 Systems Inc., has won court approval for its plan to exit bankruptcy that pays off creditors from proceeds gained by selling off virtually all of its ...
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Report: Bob Lutz and VL Automotive, Wanxiang trying to buy Fisker 1369171620
Chinese company Wanxiang was in the news earlier this year, as it moved to acquire bankrupt automotive battery company A123. Turns out, while that was taking place in the public eye, Wanxiang was also working with VL Automotive – of Bob Lutz and Destino fame – to try and buy out ...
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Official: In bankruptcy, Coda asking for permission to conduct airbag recall 1369081620
Following its official bankruptcy filing, Coda Automotive is back with more not-so-good news. In Delaware bankruptcy court, the automaker has filed a motion to "conduct a voluntary recall of Coda Sedans to replace roof-mounted side curtain airbags." Last August, Coda recalled 78 vehicles for ...
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After outage, Fisker Automotive website hints at positive future 1367877660
The official, revamped website for Fisker Automotive appears to be more of an homage to the company's focus on style rather than an accurate snapshot of the struggling automaker's actual troubles. When you click on the homepage, you'll see red, white and blue images of its elegantly designed ...
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Official: Coda officially files for bankruptcy, shifts focus to energy storage 1367417760
Anyone who had Coda Automotive in your office pool for the next electric vehicle maker to declare bankruptcy, go on and collect your winnings. Coda announced today it will restructure as an energy storage business after voluntarily filing Chapter 11 bankruptcy in the District of Delaware. The ...
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Study: Each Karma 'cost' Fisker $660,000 to produce 1366403220
Looks like the $100,000 or so Leo and Bieber plunked down for their Fisker Karma extended-range plug-in vehicles may have been a bargain. The California-based automaker, which appears to be headed for bankruptcy, spent an estimated $660,000 for every one of fewer than 2,500 vehicles it made ... -
Report: Fisker, A123 settlement reducing $140m in claims to $15m approved 1366322160
Fisker Automotive and what was formerly A123 Systems have received approval of their settlement in which Fisker's claims against the bankrupt battery maker were reduced by 89 percent, Bloomberg News reports. Fisker's claims against what's now B456 Systems were reduced to $15 million from $140 ...
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Report: Fisker owes $700,000 to landlord, web designer 1366206960
The Fisker Karma may be able to go 125 miles per hour, but the company making the extended-range plug-in doesn't appear to be outrunning its creditors. Fisker Automotive allegedly owes two creditors more than $700,000 on late bills, GigaOM says in two separate articles. GigaOM cites court papers ...
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Report: House Republicans will hold hearing on Fisker, Henrik asks for travel funds 1365720300
House Republicans have been critical of the Obama Administration over new-energy loans to companies such as Tesla Motors, and will hold a hearing later this month to discuss struggling California-based Fisker Automotive, the Wall Street Journal says. Representative Darrell Issa (R-CA), of the ...
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Report: Fisker Karma discounted to $80,000, at one dealer, at least 1365198840
The top-selling dealership offering the Fisker Karma has got some deep discounts available as it awaits the future of the troubled automaker. Fisker of Orange County is dropping the price well below the manufacturer's suggested retail level of between $105,000 and $120,000. In fact, a Karma ...
