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karma

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    Report: Fisker execs will be questioned today over DOE loan, repayments     1366807500

    As we get ready for a Congressional hearing later today, news of money that Fisker Automotive owes to the US government is on the mind of regulators and the public. Therefore, the US Department of Energy has announced that it did recently collect $21 million from the struggling automaker. The DOE ...

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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 ...

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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, A123 settle $140m supply claims for just $15 million     1365105360

    Any self-respecting dealer would refuse to sell a Fisker Karma extended-range plug-in for a mere $12,000, but Fisker Automotive may be taking that approach with former battery supplier A123 Systems by settling for about 11 cents on the dollar in a bankruptcy-court claim. The California-based ...

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    Report: Fisker hires bankruptcy team after worker furlough     1364766900

    After furloughing its US workers, Fisker Automotive has hired a law firm for a potential bankruptcy, Reuters reports, citing a person familiar with the process. Kirkland & Ellis is advising the California-based maker of the extended-range plug-in Karma for a potential bankruptcy filing, ...

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    Report: Fisker fails to draw Geely bid after all [UPDATE]     1363616100

    Last week, Fisker Automotive lost its namesake and co-founder Henrik Fisker because of "several major disagreements" between the designer-turned-automaker and other executives. After that blow, could there be any more bad news out there? Maybe, if you consider the mooted takeover of the ...

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    Official: The Game buys four Fisker Karmas for himself, friends     1363276560

    With friends like The Game, who needs Geely? The Los Angeles-based hip-hop artist (née Jayceon Terrell Taylor) recently bought a Cranberry-hued Fisker Karma extended-range plug-in vehicle for himself, then purchased three more of the $100,000 vehicles for his buddies. The Game posted the ...

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    Breaking: Henrik Fisker resigns due to "major disagreements" with other execs [UPDATE]     1363187700

    The last time we talked to Henrik Fisker, he was a non-stop stream of optimism about the company he cofounded to build luxury plug-in hybrid automobiles. This, despite a ton of negative developments for the company in 2012. His outlook has taken a turn, apparently, since Fisker has reportedly ...

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    Report: Word of China's Geely leading bids for Fisker draws criticism from senator     1361386860

    Money isn't the only problem Fisker Automotive has with making more Karma plug-in hybrids (see: battery supply), but the California startup may soon have the cash to help resume production of its $100,000 plug-in luxury sedan. Zhejiang Geely Holding Group has the edge in taking a majority stake ...

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    Report: Fisker may get $350 million bid from China's Dongfeng     1361109660

    Fisker Automotive may receive a $350 million acquisition bid from China-based automaker Dongfeng Motor Corp., Bloomberg says, citing people familiar with the process. Dongfeng would buy about 85 percent of the California-based maker of the $100,000 Karma extended-range plug-in, the wire service ...

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