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Fisker News

Fisker is a joint venture company between Fisker Coachbuild and Quantum Technologies to produce a plug-in hybrid called the Karma. The Karma has a claimed range of about 50 miles before a range-extending gas engine begins recharging the batteries.

Fisker Vehicles:

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    Fisker
    New Fisker claims 50-50 chance it will build cars in Delaware
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    As soon as the bankrupt Fisker Automotive started crawling back from the dead, rumors that the new owners would restart production of the Karma plug-in hybrid crawled as well. We've heard that the car would be built in the old General Motors plant the company owns in Delaware, that it would happen in Michigan or that Valmet would get going again in ...

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    Fisker
    Hybrid Tech just made $65 million from bankrupt Fisker loan
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    We can now see at least one possible reason for why Hybrid Tech Holdings LLC bought the US Department of Energy's loan to Fisker Automotive last year for $25 million. The purchase is apparently worth $90 million today. The number is part of a settlement agreement that has come out of the company's asset auction which was won by China's Wanxiang Group ...

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    Fisker
    Fisker will borrow $5M from Wanxiang as interim solution
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    It may seem like a drop in the bucket compared to the approximately $1 billion in liabilities bankrupt automaker Fisker Automotive has against it, but every bit helps. In this case, it's a smidgeon less than $5 billion. That's how much the maker of the Karma extended-range plug-in is getting approved to borrow from its presumed future owner, Wanxiang ...

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    Fisker
    The New Fisker website goes live, says Karma warranties limited to $2,000
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    If there's any question where Wanxiang hopes to take the remains of Fisker Automotive, just take a look at The New Fisker, a fresh official website for the bankrupt automaker. While the text available there hedges about just when and how the company will restart production, it is clear from the pictures that the company is ready to make the Atlantic PHEV ...

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    Fisker
    Almost $1 billion in claims filed against bankrupt Fisker
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    You may have scoffed when the US Department of Energy sold the rights to its $168 million outstanding Fisker Automotive loan to Hybrid Tech Holdings last December for just $25 million, or about 15 cents on the dollar. It turns out that might be the going rate for anyone with claims against the bankrupt extended-range plug-in maker, though. That's because ...

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    Fisker
    Why the $142M Fisker sale won't help DOE loan get its $168M back
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    At the beginning of 2014, it looked like Hybrid Tech Holdings LLC was going to buy the remains of Fisker Automotive for $25 million. Just before that sale was to take place, however, Wanxiang stepped in and an auction was therefore scheduled for the middle of February. After 19 rounds of apparently frantic bidding, Wanxiang drove away the winner with a ...

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    Fisker
    Bob Lutz named chairman at Via Motors
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    Bob Lutz is staying very busy. The ex-vice chairman of General Motors, and champion of the Chevrolet Volt, has been named chairman of the board at Via Motors. Lutz will need to squeeze that in between his role as senior advisor at vehicle interior designer Katzkin, being an owner at VL Automotive and perhaps as an advisor to Wanxiang and Fisker ...

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    Fisker
    Wanxiang wants to restart Fisker Karma production as quickly as possible
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    It appears that Wanxiang America's $149.2-million acquisition bid was about more than just owning the assets of Fisker Automotive. The Chinese auto parts maker is apparently serious about getting the Karma plug-in hybrid luxury vehicle back on the production line. "We will want to get the Karma back online as quickly as possible." "We will want to ...

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    Fisker
    Wanxiang wins bid for Fisker at $149.2 million
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    Fisker Automotive has been sold, ladies and gentlemen. According to Automotive News, Wanxiang from China won the company after a few tense days of bidding between it and Hybrid Tech Holdings from Hong Kong. The winning bid came in at $149.2 million, which, rather interestingly, is almost six times the amount Fisker itself sought to recover from ...

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    Fisker
    Fisker assets will be auctioned tomorrow, here's the situation today
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    The remains of Fisker Automotive - which might not even include the name and logo - are supposed to finally be sold off tomorrow, but the scene before the auction is anything but clear. As as reminder, the two bidding parties are Wanxiang and Hybrid Tech Holdings. Hybrid Tech was denied an emergency motion in court last week that would have lifted an ...

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    Fisker
    Report: Fisker asset sale may not include name, logo
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    Always read the fine print before you sign the contract. That platitude is taking on new life as word comes that the winning bidder for bankrupt plug-in hybrid manufacturer Fisker may not actually earn the rights to use the company's name and logo. According to Delaware Online, that's because Fisker Automotive doesn't actually own either – they're ...

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    Fisker
    The billionaire's passion behind Wanxiang's Fisker bid
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    If it weren't for billionaire Lu Guanqiu, founder of Chinese auto parts giant Wanxiang Group, the Fisker Automotive bankruptcy bailout deal might have closed earlier this month. Hong Kong tycoon Richard Li, along with Li's affiliate company Hybrid Tech Holdings, assumed their offer was going to be accepted. Instead, the US bankruptcy court judge called ...

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    Fisker
    DOE Secretary Moniz announces $50 million for cleaner vehicles, sees upside in Fisker loan failure
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    The Washington Auto Show started today with an announcement by US Department of Energy Secretary Ernest Moniz about a new, $50-million boost for the DOE's work on supporting more fuel-efficient vehicles. The $50 million, Moniz said, will support advanced vehicle technologies. $30 million will go towards making plug-in vehicles better and charging more ...

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    Fisker
    Fisker bankruptcy auction scheduled for February 12
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    Will the long, twisted tale of Fisker Automotive and it bankruptcy assets finally end on February 12? It might, because that's the date a bankruptcy court has now set for an auction to let the bidders decide who will take home the plug-in automaker's goods. The auction will be held at the law offices of Kirkland & Ellis in New York, according to a new ...

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    Fisker
    Will Bob Lutz's VL Automotive really offer V8 conversions for Tesla Model S?
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    VL Automotive is closely tied up with Fisker. The company's first product, the Destino, is a converted Karma and the Destino Red Concept, just unveiled at the Detroit Auto Show, is the same hardtop Karma convertible that Fisker showed in 2009. So, what a surprise it was to see that Bob Lutz, who owns half of VL Automotive, is ready to convert a brand new ...

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    Fisker
    Hybrid Technologies LLC increases Fisker bid to $55 million
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    Will more money equal more Karma? In the continuing fight over the assets of extended-range plug-in vehicle maker Fisker Automotive, a Hong Kong-based investor is ready to up the stakes. Hybrid Tech Holdings has announced it will increase its bid for the maker of the Karma to $55 million. A bankruptcy court judge recently ruled that Hybrid Tech couldn't ...

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    Fisker
    Judge rules Fisker assets will be auctioned in February
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    The Fisker Automotive saga will continue until at least next month, now that a bankruptcy court judge has ruled that the automaker's assets will go up for auction in February instead of being acquired flat out by a Hong Kong investor. Wanxiang Group, which owns A123 Systems, is competing with Hybrid Tech Holdings LLC for Fisker. The judge says Hybrid ...

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    Fisker
    Teased: VL Automotive hints at Fisker-based Destino convertible for Detroit
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    Last year around this time, we were prepping to see the first iteration of the VL Destino; a Fisker Karma with a Corvette ZR1 heart transplant. Now, with the 2014 Detroit Auto Show looming just over the horizon, there are fresh hints that the Destino is due for a sequel. VL Automotive – co-founded by Gilbert Villarreal and Bob Lutz – has ...

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    Fisker
    Wanxiang increases Fisker bid by $10m, hints at Delaware production
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    Just before a judicial hearing tomorrow on the fate of bankrupt Fisker Automotive, one of the two companies fighting over the company's remains, Wanxiang America Corp., said it is willing to increase its submitted bit by a cool $10 million in cash. Wanxiang is ready to bring its total starting bid to $35.7 million and said it is willing to pay ...

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    Fisker
    Wanxiang's last-minute bid for Fisker could restart Karma production, add Atlantic hatchback [UPDATE]
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    The remains of bankrupt Fisker Automotive are supposed to be sold by the Department of Energy to Hybrid Tech Holdings LLC for $25 million. But, the new year brings a new possibility for the troubled plug-in hybrid automaker and now we hear that Wanxiang America Corp. wants to jump in at the last minute and snatch Fisker up in a 'stalking horse' deal. A ...

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