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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
    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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    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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    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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    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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    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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    Fisker
    Fisker bankruptcy results in lawsuit against co-founder, $7.4m utility bill for taxpayers
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    Fisker Automotive took its sweet time filing for bankruptcy, waiting well over a year between building its last car and calling it quits. In the time since the bankruptcy filing just over a month ago, though, it's been a busy on the Fisker news front. A lot of documents have been revealed and reported on, and now there is a new lawsuit filed against ...

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    Fisker
    Fisker finally files for bankruptcy, new owner could build more Karmas
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    After 18 months of not building any vehicles, plug-in vehicle company Fisker finally threw in the Chapter 11 towel today, filing for bankruptcy protection. The Department of Energy sold its Fisker assets to Hybrid Tech Holdings LLC for $25 million, at a reported $139-million loss. Other reports say the DOE invested $192 million in Fisker, and only got ...

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    Report: Lutz promises silky VL Destino in 2014
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    A luxury performance sedan needs to have a lot of boxes checked off in order to stand out in a field of cookie-cutter four-doors. And the Fisker Karma checked off nearly all of them, with two notable exceptions: one was that gap-toothed grin, and the other was its hybrid powertrain. Fortunately, VL Automotive claims to have the answer to both. The ...

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    Fisker
    Report: Fisker loan likely won by Hong Kong tycoon
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    Fisker, which made the $100,000+ Karma plug-in hybrid until it shuttered its plant 15 months ago, is said to finally have a buyer in an investment group led by Richard Li, one of Hong Kong's richest men. That's according to a new Reuters report, which notes that the the deal remains private since the sale hasn't been finalized finalized. The US ...

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    Fisker
    Report: Fisker's remains on the auction block this week
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    How will a federal government that is partially shut down sell an automaker that is all-but-shut-down? We'll find out Friday when the Department of Energy starts an auction for what is left of Fisker's assets, according to TheDetroitBureau.com. The DOE said last month that auctioning off the $168-million remainder of Fisker's loan obligation was the, ...

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    Fisker
    DOE auctioning off Fisker's $168-million loan
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    If you've ever wanted to buy Fisker Automotive – not just a Karma, but the whole company – the opportunity is coming. The federal government is looking for a buyer for the automaker's $168 million Department of Energy debt note. That number comes from the original loan commitment of $528 million. Fisker only received $192 million of that ...

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    DOE restarting ATVM loan program famous for backing Tesla, Fisker
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    There have been some very public successes and failures from the Department of Energy's Advanced Technology Vehicle Manufacturing loan program, most notably Tesla and Fisker, but the US government is not yet finished. It's been a while – no ATVM loans have been given out since 2011 – but the DOE is finally getting ready to find homes for the ...

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    Fisker CEO Tony Posawatz steps down, Bernhard Koehler steps in
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    The position of CEO of Fisker has once changed hands. In early 2012, company co-founder Henrik Fisker stepped down and Tom LaSorda took the position. LaSorda gave it up in August of that year to former Chevy Volt honcho Tony Posawatz. It's now twelve months later, and Posawatz is reportedly leaving for, we assume, greener pastures. Taking his place will ...

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    Fisker
    Report: Fisker to be purchased by Germans for $25M?
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    American plug-in hybrid automaker Fisker Automotive has been through some tough times since losing its Department of Energy loan. More than 300 Karmas were destroyed by hurricane Sandy - and they weren't covered by the insurance company - its battery supplier filed for bankruptcy, and 75 percent of its employees were laid off in April. There have been ...

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    Fisker
    Vehicle Production Group's bad DOE loan put up for auction
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    The US Department of Energy (DOE) is trying out a new solution to loans that have flopped – auctioning them off. A $50-million loan previously award to Vehicle Production Group LLC (VPG) through the Advanced Technology Vehicles Manufacturing loan program (ATVMP) has gone unpaid. VPG, a maker of compressed natural gas-powered wheelchair-accessible ...

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    Fisker
    US House votes to keep $25b DOE loan program alive
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    In the "it may be broke, but we ain't fixing it" department, the US government has decided not to shutter the $25 billion Department of Energy loan program geared to accelerate advanced-powertrain technology development, the Detroit News reports. Given the opportunity to cut a mere $6 million in funding earmarked specifically to oversee the $25 billion ...

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    Fisker
    Fisker bankruptcy likely, says once-positive Delaware Governor
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    Delaware Governor Jack Markell gave business leaders a decidedly negative take on two possible futures for Fisker Automotive: bankruptcy or a negotiated settlement to pay off the $170 million it owes in federal loans at a reduced rate. Neither sounds very good for the governor of the state that brought Fisker into the former General Motors assembly plant ...

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    Fisker
    Internal documents show Fisker lost $35,000 on each Karma
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    Anyone looking for a chilling plug-in vehicle warning tale should check out this detailed Reuters article, which digs into the financial history of Fisker Automotive and reveals that the company lost around $35,000 per vehicle. That number comes from "internal financial statements and interviews with former Fisker executives," Reuters reports, quoting a ...

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