fisker-karma 35

  1. Wanxiang Group plans $375M electric car plant in China

    Wanxiang Group, Chinese auto parts maker that owns Karma Automotive, confirmed Monday that it is planning to build a $375-million plant in China to produce electric vehicles. Wanxiang plans to build an electric car plant in Hangzhou, China, according to the company’s application for an environmental impact review posted on its website. The plant, which […]

    August 8, 2016 https://electriccarsreport.com/2016/08/wanxiang-group-plans-375m-electric-car-plant-china/
  2. Quantum Technologies to Provide Plug-In Hybrid Control Software to Support Re-Launch of the Fisker Karma

    Quantum Fuel Systems Technologies announced it has entered into an agreement with Fisker Automotive and Technologies Group LLC to provide its plug-in hybrid control software to support the re-launch of the Fisker Karma PHEV sedan. Under the agreement, Quantum will license its plug-in hybrid control software to Fisker and, in return, will receive an initial […]

    November 3, 2014 https://electriccarsreport.com/2014/11/quantum-technologies-provide-plug-hybrid-control-software-support-re-launch-fisker-karma/
  3. Fisker Automotive Completes Sale of Assets to Wanxiang

    Fisker Automotive announced that their transaction to sell substantially all of their assets to an affiliate of Wanxiang America Corp. for consideration valued at approximately $150 million has closed. Marc A. Beilinson, Fisker Automotive’s Chief Restructuring Officer said in a statement today “The completion of this transaction represents a significant achievement and is a great […]

    March 25, 2014 https://electriccarsreport.com/2014/03/fisker-automotive-completes-sale-assets-wanxiang/
  4. Wanxiang Wins Fisker Bankruptcy Auction

    Chinese auto parts maker Wanxiang Group Corporation won a bankruptcy auction for the assets of Fisker Automotive, in a transaction that includes the acquisition of Fisker’s Wilmington, Delaware plant. Wanxiang’s bid has been valued at approximately $149.2 million, representing $126.2 million of cash, $8 million of assumed liabilities, and a contribution of common equity in an […]

    February 15, 2014 https://electriccarsreport.com/2014/02/wanxiang-wins-fisker-bankruptcy-auction/
  5. California ISO Rolls Out Roadmap to Drive Benefits of EVs

    In another series of efforts to foster a new, sustainable energy future and further the state’s leadership in reducing greenhouse gas emissions, the California Independent System Operator Corporation (ISO) released a blueprint for integrating electric vehicles into the grid. The Vehicle-Grid Integration (VGI) Roadmap: Enabling Vehicle-based Grid Services outlines three inter-dependent tracks to assess how […]

    December 28, 2013 https://electriccarsreport.com/2013/12/california-iso-rolls-roadmap-drive-benefits-evs/
  6. Fisker Files for Chapter 11 Bankruptcy

    Fisker Automotive filed for Chapter 11 bankruptcy on Friday with plans to sell itself to investor group Hybrid Tech Holdings LLC. The Energy Department said that of the $192 million owed to the government by Fisker, it has recovered $53 million, leaving $139 million unpaid. The Energy Department in October launched an auction of Fisker’s […]

    November 23, 2013 https://electriccarsreport.com/2013/11/fisker-files-chapter-11-bankruptcy/
  7. Are US electric car manufacturers putting the squeeze on the government?

    While the US government has in public been very supportive of the electric vehicle market there were signs that perhaps this support was starting to wane. In light of the Fisker debacle, which has put at risk a near $200 million loan from the US government, there is political pressure for US taxpayer exposure to […]

    June 17, 2013 https://electriccarsreport.com/2013/06/are-us-electric-car-manufacturers-putting-the-squeeze-on-the-government/
  8. US DOE Seizes $21M from Fisker Automotive

    The U.S. Department of Energy has seized $21 million from Struggling start-up automaker Fisker Automotive Inc. just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems. In a statement Monday, the Energy Department said it recovered $21 million from the company’s ‘reserve account’ on April 11 that wasn’t […]

    April 23, 2013 https://electriccarsreport.com/2013/04/us-doe-seizes-21m-from-fisker-automotive/
  9. Fisker Automotive Lays Off Three-Fourths Of Its Work Force

    Struggling electric car maker Fisker Automotive Inc. has laid off 160 employees, including its public relations staff, as it struggles with financial and production problems. Fisker had about 200 employees prior to today’s action. The company has kept – for now – 53 senior managers and executives, most likely to work on finding buyers for […]

    April 5, 2013 https://electriccarsreport.com/2013/04/fisker-automotive-lays-off-three-fourths-of-its-work-force/
  10. Fisker Automotive to End XL Insurance Lawsuit

    Fisker Automotive Inc has resolved its lawsuit accusing XL Group Plc of denying it insurance coverage over flooding from Superstorm Sandy that destroyed 338 of its Karma plug-in hybrids. Karmaplug-in hybrids were located at a shipping facility in Port Newark, New Jersey, where they had been unloaded from ocean vessels and were waiting to be delivered […]

    February 23, 2013 https://electriccarsreport.com/2013/02/fisker-automotive-to-end-xl-insurance-lawsuit/