Tag Archives: fisker

Electric Vehicle Startup Coda Files for Bankruptcy

Posted on 1 May 2013 by Ken Zino

Coda EV announced today that it is filing Chapter 11 of the U.S. Bankruptcy Code after selling only 100 cars. Continue reading →

Posted in alternative fuels, auto news, electric vehicles | Tagged , , , , | Leave a comment

Henrik Fisker Out at Fisker Automotive, the Firm He Co-Founded

Posted on 13 March 2013 by Ken Zino

Fisker Automotive announced today the resignation of its Executive Chairman, Henrik Fisker who in turn said there were disagreements with the oft-changing management team, which had three different CEOs during 2012. Fisker, a car designer by trade, had been executive chairman of the hybrid electric car company that he helped found in 2007. Continue reading →

Posted in auto news, electric vehicles, news analysis, people | Tagged , , , , , , | Leave a comment

A123 Files Bankruptcy. Johnson Controls to Purchase its Auto Assets

Posted on 16 October 2012 by Ken Zino

A123 Systems (Nasdaq: AONE), a developer and manufacturer of nanophosphate lithium iron batteries and systems, today filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. A123 ran out cash as demand for EVs and its batteries remains weak to almost non-existent. As part of a proposed reorganization Johnson Controls (NYSE: JCI) will supply $72.5 million in “debtor in possession” financing to support A123’s continued operations as JCI purchases parts of A123. Continue reading →

Posted in auto news, electric vehicles, financial results, news analysis, results | Tagged , , , , , , , , | Leave a comment

Fisker Recalls 2012 Model Karma Cars because of Fires

Posted on 27 August 2012 by Ken Zino

Fisker Automotive is recalling 1,377 Finnish-built Karma passenger cars because of a defect in a low temperature cooling fan may result in a short circuit. The short can ignite the fan housing, shroud and surrounding components, causing a vehicle fire. At least one Karma fire has been reported and one cooling fan has burnt, according to Fisker in the required defect filing with the National Highway Traffic Safety Administration. Continue reading →

Posted in auto news, electric vehicles, recalls, safety | Tagged , , , , , , , | Leave a comment

Fisker Appoints New CEO – Tony Posawatz from GM’s Volt Program

Posted on 14 August 2012 by Ken Zino

Fisker Automotive today named Tony Posawatz, the former head of the Volt program at General Motors as its new Chief Executive Officer, its third CEO this year. The current CEO Tom LaSorda will stay with the company in an “advisory” role. LaSorda was only appointed CEO in February 2012 after joining Fisker two months previously. Continue reading →

Posted in alternative fuels, auto news, electric vehicles, people | Tagged , , , , , , , , | Leave a comment

Fisker and Leonardo DiCaprio to Work on ‘Sustainability’

Posted on 3 July 2012 by Ken Zino

Fisker Automotive and Leonardo DiCaprio today announced that they will work together to promote environmental causes. DiCaprio – an investor in Fisker – will “participate in conversations on the auto manufacturer’s future plans for the advancement of sustainable, responsible vehicles.” Continue reading →

Posted in alternative fuels, auto news, electric vehicles, environment, news, people | Tagged , , , , , , , , | Leave a comment

Penske Automotive Adds a Fisker Dealership in Arizona

Posted on 7 June 2012 by Ken Zino

Penske Automotive Group is opening the first Fisker dealership in Arizona – Fisker of Scottsdale. The addition of the new Arizona outlet bring to 80 the number of independent retail locations in the US, Canada and Europe selling Fisker EVs. The Karma model is sold through 48 outlets in North America, and will soon be distributed for the first time in China and the Middle East following new retail agreements. Continue reading →

Posted in alternative fuels, auto news, electric vehicles, marketing, news analysis | Tagged , , , , , , , , | Leave a comment

Fisker Expands Karma Battery Recall for Potential Fires

Posted on 5 June 2012 by Ken Zino

In an example of ongoing bad Karma, Fisker has told the National Highway Traffic Safety Administration that it is expanding its recall of the $102,000 Karma EV because the A123 supplied battery pack can leak coolant and start fires. Continue reading →

Posted in alternative fuels, auto news, recalls, safety | Tagged , , , , , , , , | Leave a comment

Fisker Shows Atlantic EV – Will It Ever Be Built?

Posted on 4 April 2012 by Ken Zino

In essence, Fisker – similar to EVs – has a range problem with doubts about whether it can reach its stated destination of creating 2,000 autoworker jobs building 100,000 plug-in hybrids per year at the 3.2 million square-foot factory in Delaware before it runs out of cash. Continue reading →

Posted in alternative fuels, auto news, electric vehicles, news analysis, people, transportation | Tagged , , , , , , , | Leave a comment

Fisker Automotive Makes Tom LaSorda CEO

Posted on 28 February 2012 by Ken Zino

Nevertheless, the future of Fisker is not clear. In 2010, the U.S. Energy Department awarded Fisker $529 million in loans as part of an effort to help development of so-called advanced-technology vehicles. Part of the loan was for redeveloping a closed General Motors plant in Wilmington, Delaware – home state of vice president Joe Biden – to build a small electric car, code named Nina – that has yet to appear. Fisker said that about one-third of the total loan amount – $190 million – has been drawn, mostly for Karma design and development. Continue reading →

Posted in alternative fuels, auto news, electric vehicles, financial results, news analysis, people | Tagged , , , , , , , , | Leave a comment