Tuesday, November 26, 2013

Fisker Wants Court to Delay A123 Bankruptcy Auction [3 VIDEO]

Fisker Automotive filed for Chapter 11 bankruptcy protection after lengthy efforts by investors to salvage the company.
After numerous production delays and problems with their DOE loans, Fisker has finally hit the streets with their Karma extended-range electric luxury sports car.
The company, which began deliveries of the Fisker Karma luxury four-door electric sedan in December 2011, also revealed that it has delivered 1000 vehicles to customers in the US and Europe. By comparison it took Tesla 18 months to deliver it's first 1000 Roadsters.
Tom LaSorda, Chief Executive Officer of Fisker Automotive, said: “We are encouraged by solid demand for the Karma, our unique extended-range luxury model. Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic.”
Fisker has also become the first manufacturer to launch vehicles under the Federal Government’s Advanced Technology Vehicle Manufacturing (ATVM) program.
Henrik Fisker, one of the leading car designers of the past two decades, joins JF Musial for an interview in his California based design center of Fisker Automotive.
Henrik divulges his love for cars and his passion for creating a new car company that disrupts conventional theories of the automotive industry.
In all, the DOE has recouped about $53 million on its $192 million investment in Fisker.
In a statement, Hybrid Technology said the purchase of the government loan was the first step toward eventually restarting production and sale of the Karma, which Fisker has not built in about 18 months, and the development of other hybrid-electric vehicles.
"As we continue to examine Fisker's opportunities, we will be making decisions about the structure and footprint of the new business," a spokeswoman for Hybrid Technology, Caroline Langdale, said in a statement.