2012 Fisker Karma
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    Fisker Automotive appears to be wrangling up its proverbial ducks and properly aligning them again after halting production nearly two years ago. After filing for bankruptcy, the Chinese company Wanxiang, like an angel made of money, scooped up the maker of the Karma range-extended electric sports car for the sizeable sum of $149.2 million. Now, Wanxiang is looking to relaunch the Karma by early 2015, and the car that we see upon its revival will likely look quite familiar.

    If you thought early Fisker Karma buyers like celebrities Leonardo DiCaprio and Cee Lo Green had deep pockets, get a load of the company's new owners. China's Wanxiang Group, which earlier this year acquired the extended-range plug-in vehicle maker in a bankruptcy auction, generates more than $23 billion in annual revenue, Automotive News says. Billion with a "b."

    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 Group. It's a start.

    Actor Liam Hemsworth has been in the news lately for his rocky relationship with Miley Cyrus. Now, it looks like his character in an upcoming thriller – also starring Harrison Ford and Gary Oldman – isn't having much better luck with his choice of cars. Paranoia, which comes out August 16, features a faking-it wealthy young businessman played by Hemsworth who tools around in a Fisker Karma extended-range plug-in. The car even has a starring role in the official trailer, which you can

    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.

    Struggling to save Fisker Automotive from the of talons of bankruptcy, Henrik Fisker has teamed up with Hong Kong billionaire Richard Li to offer to purchase the company's outstanding U.S. Department of Energy's (DOE) advanced vehicles loan for just a fraction of its $171 million balance (the company was originally loaned $192 million, but $21 million was seized last month by the Energy Department).

    Buying into a new, fledgling automaker is always a big risk – the early-adopter upside has the potential to be great, but the downside can look like the mother of all hangovers. Unsurprisingly, that's the unpleasant financial reality facing Fisker Karma owners as they look to unload their extended-range electric sedans while the company's future bleakens.

    Among the things we're going to miss out on if/when Fisker Automotive goes bust is the legitimate description of "Coronado" as a color. That apparently orange-ish hue is one of four interior colors Fisker was planning on for its 2014 model-year Karma extended-range vehicle, according to Fisker Buzz.

    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.

    Turns out it's illegal to surprise three-quarters of your workforce with pink slips on a random Friday morning. Just before the weekend, Fisker Automotive furloughed 160 employees as "a necessary strategic step to... maximize the value of Fisker's core assets," which is lingo for trying to conserve as much cash and value as possible while the financially troubled company searches for a buyer. But Fisker Automotive laid off that group of employees without giving them 60 days notice and that detai

    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.

    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 in the troubled automaker, according to two confidential insider sources close to Fisker.

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