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While Evercore advised General Motors during its bankruptcy, Posawatz specifically ruled out bankruptcy for Fisker.
The Wall Street Journal story says, however, that Fisker Automotive could be sold outright, according to the paper's sources.
If that happens, any new owner would most likely not have access to remaining low-interest loan funds from the Department of Energy.
If Fisker's focus was on pure EV (rather than Hybrid, or "EREV" as they like to call it to sound high end) and he had some juice left to spend, would Elon "look past the past" and help them out in the name of his general EV mission? It would be an impressive show of character.
I meant more the end of Aptera. Maybe I should use DeLorean instead.Not exactly, Fisker actually sold some cars. But I like your comparison.
...would Elon "look past the past" and help them out in the name of his general EV mission? It would be an impressive show of character.
But (I still believe this) Henrik had to make it at least partly electric in order to get his hands on some cheap government money.
Seems to me that Fisker is starting to get into a pretty troubled financial place. The likely paths for the company are clear: it needs to sell, it needs a large car-company investor, or it needs to IPO in the first half of 2013, or it’ll hit the skids. The company has raised over $1 billion, so it’s got some months of cushion, but with its recent car losses and assembly stall, that runway is being crunched down.
The fisker karma was just featured on a jay leno episode, here it is:
2012 Fisker Karma - Jay Lenos Garage - YouTube
Toward the end fisker said a few hundred have been sold so far, and that it had only been out for a few months. I thought deliveries started in July of last year?
This is an old video posted several months ago
They used to all be on their own website, but I think recently started also posting to youtube. I think now they've started posting old episodes to youtube as well. That Karma episode was originally posted mid January 2012.I wonder why it was reposted then.
"We plan to wait until Wanxiang takes full control of A123, then we will get in contact with them to negotiate a contract," Fisker spokesman Roger Ormisher told Reuters. Once a deal is reached with A123's new owner, he said, "we can resume Karma production."
Until then, "we have a sufficient supply of cars," Ormisher said, who added, "We are not looking for a new battery supplier."
...
Ormisher said no Karmas have been assembled in Uusikaupunki since July, when the Finnish company begins a traditional summer break.
With the break in Karma production and a delay in the development of its second car, the Atlantic, Fisker has cut its workforce to around 300, Ormisher said.
That sums up their problems right there. There innovation was ... I have a really cool looking car. That's it.And if the company sells, who knows how much a large auto maker would be willing to pay for it? It’s major assets are its Karma and Atlantic designs, but it’s not a technology company like Tesla