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Last updated on April 16, 2014 at 11:25 EDT

Latest Fisker Automotive Stories

2014-03-24 16:21:01

COSTA MESA, Calif., March 24, 2014 /PRNewswire/ -- Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. (collectively, Fisker Automotive) announced today that their transaction to sell substantially all of their assets to an affiliate of Wanxiang America Corp. (Wanxiang) for consideration valued at approximately $150 million has closed. "The completion of this transaction represents a significant achievement and is a great result for all Fisker Automotive stakeholders," said...

2014-02-18 16:20:18

COSTA MESA, Calif., Feb. 18, 2014 /PRNewswire/ -- Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. (collectively, Fisker Automotive) announced today that the Company has obtained bankruptcy court approval of the sale of substantially all of its assets to Wanxiang America Corporation (Wanxiang). "Today's approval of the sale of Fisker's assets to Wanxiang affirms the value of the Fisker technology and its product development capability," said Marc A. Beilinson, Fisker...

2014-02-14 20:20:12

- Wanxiang America Corporation Submits Successful Bid Valued at $149.2 Million COSTA MESA, Calif., Feb. 14, 2014 /PRNewswire/ -- Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. (collectively, Fisker Automotive) announced today that after 19 rounds of bidding Wanxiang America Corporation (Wanxiang) has been selected as the highest and best bidder in a competitive auction completed on Friday, February 14, 2014, in a transaction that includes the acquisition of Fisker's...

2014-01-14 00:20:10

DETROIT, Mich., Jan. 14, 2014 /PRNewswire/ -- VL Automotive of Auburn Hills, Michigan, held the world premiere of its Destino two-door hard top convertible touring coupe Concept at the 2014 North American International Auto Show today. The Destino Red concept, based on the Fisker Karma chassis and re-designed by former General Motors vice chairman Bob Lutz, now joins the Destino sedan he and VL Automotive co-founder Gilbert Villarreal introduced last year. The Destino is powered by a...

2013-11-22 16:22:22

ANAHEIM HILLS, Calif., Nov. 22, 2013 /PRNewswire/ -- Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. (collectively, Fisker Automotive) announced today that they have entered into an asset purchase agreement with Hybrid Tech Holdings, LLC (Hybrid) for the sale of substantially all of its assets. Hybrid is the lender under an approximately $170 million loan secured by first liens on substantially all of Fisker Automotive's assets. Hybrid's parent, Hybrid Technology, LLC...

2013-09-26 08:20:54

Former CFO of Fisker Automotive Brings Katzkin Deep Expertise and Industry Experience MONTEBELLO, Calif., Sept. 26, 2013 /PRNewswire/ -- Katzkin, the global leader in vehicle interior transformation, announced today that industry veteran Jim Yost has joined the company's Advisory Board with a focus on helping the company expand its automotive manufacturer programs. While most recently, Yost served as CFO for Fisker Automotive, he began his career at Ford Motor Company, where he...

2012-12-18 12:21:19

TROY, Mich., Dec. 18, 2012 /PRNewswire/ -- The Suburban Collection has acquired the Fisker automotive franchise for Michigan. The franchise was purchased from the Serra Automotive Group. No purchase price was disclosed. "Fisker is a major player in the future development of alternative propulsion systems for automobiles," said David T. Fischer, Chairman and CEO, The Suburban Collection. "We are excited about partnering with Fisker and being part of its growth." Fischer said...

2012-11-07 16:20:11

DETROIT, Nov. 7, 2012 /PRNewswire/ -- Top story from the current November 5 issue of Automotive News previewed below. After the storm Fisker Automotive lost more than $30 million worth of luxury cars when a shipment of Karma plug-in hybrids was flooded during Superstorm Sandy last week. More than 300 Karma cars, which each start around $100,000, were destroyed at a New Jersey port during the storm, Fisker spokesman Roger Ormisher said on Tuesday. The cars were insured and Fisker...

2012-10-22 04:01:15

MyPerfectAutomobile is reporting on the latest version of the Lexus LF-LC hybrid concept car which is currently on display at the Australian International Motor Show in Sydney. The opal blue concept breaks new ground in design and engineering, and reveals much more about the direction of Lexus. Audi´s development program for the F12 electric car has concluded, with the company releasing huge amounts of data about the effort to create the most advanced electric-drive system. The...

2012-10-04 02:20:53

IRVINE, Calif., Oct. 4, 2012 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that it has been awarded a new development contract from Fisker Automotive for advanced product development on the Fisker Karma. Under the contract, Quantum will continue to develop advanced features for the Fisker Karma vehicle to enable future product upgrades. "We continue to support Fisker Automotive on the advancement and continued development of the Karma...