Fisker Are Bankrupt.

[Furinkazen]

http://news.yahoo.com/electric-carmaker-fisker-files-bankruptcy-181740894.html

Interesting regarding unpaid loans to the US government...

 

[Youngun]

I blame justin beibers bad image!!

 

[Robin]

Ugly cars

 

[Tornado]

Once Tesla finally got the Model S going, Fisker was pretty much screwed. Fisker himself parachuting out of the company probably didn't even hasten the fall that much.

 

[xXKingJoshXx]

So I take it this means they will no longer be on the road? Sucks if that's the case because I have yet to see one.

 

[LMSCorvetteGT2]

Yeah I never saw one myself either. Never cared if they made it or not as well since they were one of the green initiative companies that got a tarp loan from the Obama admin that I never thought deserved it.

 

[ProjectWHaT]

Dat grammar

The only way to drive one now is in Gran Turismo 6

 

[Brend]

To be fair, they had a silly name.

 

[ProjectWHaT]

To be fair, they had a silly name.

Fisker...Fisker...Fisker...
Sounds pretty cool and unique to me.

 

[homeforsummer]

So I take it this means they will no longer be on the road? Sucks if that's the case because I have yet to see one.

Depends. Like Saabs and other cars with no current parent company, the cars will remain on the road for as long as people keep them there.

There's also the Destino option. Which even as a bit of a green I have to say appeals, if only for the reduced complexity.

 

[Bobert power]

Remember when Fisker modified Mercedes Benz SL65's? Peppridge Farm Remembers.

 

[Adamgp]

Fisker...Fisker...Fisker...
Sounds pretty cool and unique to me.

Sounds like they make cat food.

I actually see these all the time but not on the road. There are a couple near my work collecting dust at a Volvo dealership.

 

[Grayfox]

Their cars looked nice too.

I hope Tesla buy their designs and use them for their cars.

 

[ND4SPD]

Remember when Fisker modified Mercedes Benz SL65's? Peppridge Farm Remembers.

And 6 series BMW's, but that was when they were Fisker coachbuild.
Fun fact, Fisker coachbuild designed the Artega GT.

 

[Eunos_Cosmo]

I've seen the Karma as well as the Artega GT driving around in Dallas. Both are stunning.

 

[terminator363]

Really ugly cars, always reminded me of John McAfee's face/facial hair.

 

[kikie]

Henrik Fisker apparently also designed the Aston Martin DB9, Aston Martin V8 Vantage and the BMW Z8.

 

[White & Nerdy]

Can't say I'll miss them too much.

 

[homeforsummer]

Chapter 11 bankrupt, not gone for good. Like GM and Chrysler in 2009...

Their assets, including future designs and tooling, have been bought by a Hong Kong industry mogul and some of the DoE loan debt paid off as part of the deal. There's every chance the company could return, it just won't be under U.S. ownership.

 

[jacnob]

Fisker...Fisker...Fisker...
Sounds pretty cool and unique to me.

Sounds like a catfood brand to me.

Still, the Karma looked pretty good, and I hope that they do make a return as speculated above.

 

[kikie]

I have to admit that I like the Fisker models. Too bad; nice songs never last for long. => (saying in Dutch translated literally into English. Does it make sense in English)?

 

[RDF97]

Another reason why they are bankrupt is that they sold for $100k and were made for about $660k a piece.

 

[homeforsummer]

Another reason why they are bankrupt is that they sold for $100k and were made for about $660k a piece.

That's technically accurate but not quite fair.

Each cost $660k per unit to make because too few were sold during the production run to fully amortize the costs.

Saying each cost $660k to make implies that they would always be losing $560k on every car, which is no more accurate than saying a major manufacturer loses billions on the first car off the production line. There was some BS report last year that Chevy was losing $60k on each Volt it made, but the genius who wrote it had simply divided the car's development cost between the cars that had been sold to that date, rather than Chevy's projected sales over the car's life.

 

[TheeFrogmanlego]

Is seen the fisker and the model S in person, the fisker Karma is a beautiful car ruined by a hideous grill. The model s looks like an audi XD. On a side note I think toyota has allot to do with this and the near bankruptcy of tesla. Here were I live, Tesla was to set up its headquarters and production plant. In came toyota and bribed the city counsel not to do so .. they pulled some bs law out claiming Tesla couldn't operate here blah blah blah .Our whole city knows it was a bribe since odd things happened since then, downey studios got demolished and leveled. No more production plant..
Edit, turns out Toyota decided to invest in Tesla last minute.. Fishy stuff..

 

[homeforsummer]

No. To most of that.

1) Toyota's investment in Tesla is important, but relatively limited. It was certainly part of Tesla's decision to move to Northern California but the reason for them moving to that facility is much more obvious than some sort of weird Toyota bribe:

2) The factory Tesla now owns in Fremont is just that, a factory. As a startup automaker being able to take hold of a plant with a working paint shop and a bunch of production line equipment that could be recommissioned for Tesla's uses is incredibly important. That I can see, Downey Studios had none of that. They just had lots of space. What's more, that Toyota wanted to use this facility is no surprise either - it was theirs to offer, having been used as part of an old Toyota-GM joint venture. And, the facility is much closer to Tesla's headquarters, which makes more sense than it being a few hundred miles away in LA.

3) Toyota didn't bribe the city council, and the city council didn't pull out any laws "blah blah blah". The city council didn't actually know the decision was coming. They'd probably have been less annoyed about it had they received a healthy bribe.

4) That Downey Studios was demolished is also no great surprise. It had presumably outlived its use for filming movies, it was no longer to be used for manufacturing, so they sold the land to the next developer with a plan.

5) I'm not quite sure what you mean by Tesla's "near bankruptcy" either. There certainly hasn't been one in the 3.5 years or so I've been writing about the company.

6) I'm even less sure what you mean by "Toyota has allot [sic] to do with this", other than using it as an excuse to bring up Tesla in a Fisker topic. Toyota hasn't had the slightest connection with Fisker.

 

[Leonidae@MFT]

Fisker is also hiring more people to work in their Valmet automotive factory in Finland. Doesn't sound very bankrupt to me..

 

[homeforsummer]

Fisker is also hiring more people to work in their Valmet automotive factory in Finland. Doesn't sound very bankrupt to me..

Fisker Automotive is technically bankrupt. But that doesn't mean "dead". As my post slightly further up the page said:

Chapter 11 bankrupt, not gone for good. Like GM and Chrysler in 2009...

Their assets, including future designs and tooling, have been bought by a Hong Kong industry mogul and some of the DoE loan debt paid off as part of the deal. There's every chance the company could return, it just won't be under U.S. ownership.

 

[Youngun]

Fisker Automotive is technically bankrupt. But that doesn't mean "dead". As my post slightly further up the page said:

Just like SAAB is gone but not DEAD, TVR (and other british marques) plus any other cars which made production. The name has value its self.

 

[05XR8]

Just needed an electric boost
http://www.goauto.com.au/mellor/mellor.nsf/story2/B383D6E3F6BC4D34CA25805600216D31

REBORN electric car-maker Fisker Inc is teasing a sleek, butterfly-doored new model in its bid to steal sales away from the zero-emissions Tesla Model S luxury sedan.

According to a picture released by Fisker Inc chairman and CEO Henrik Fisker on Twitter, the new vehicle will feature “innovative new butterfly doors” to make ingress and egress much easier with more details to be revealed next week.

The picture also previews a coupe-like silhouette with a sloping roofline, subtle rear spoiler, and short front and rear overhangs.

The California-based company promises that “the debut vehicle from Fisker Inc will be the most stunning, innovative and futuristic electric car in the world” and claims that “the car will boast the world’s longest electric range of any production vehicle on the road”.

Tesla’s all-electric Model S has a driving range of up to 613km in its flagship P100D thanks to a 100kW per hour battery and also features all-wheel drive, a zero to 100km/h sprint time of 2.7 seconds (when Ludicrous mode is engaged) and a 250km/h top speed.

Fisker’s mission statement is “to bring to life the next generation of electric vehicles to meet the challenges of range and cost” by “developing unique, high-performance, electric vehicles with new game-changing battery technology”.

Fisker Automotive was founded by Mr Fisker in 2007 with investors including Leonardo DiCaprio and Qatar Holdings, and released its first model – the Karma – in 2007.

After falling into bankruptcy in 2013, Fisker Automotive was acquired by Chinese parts supplier Wanxiang Group and rebranded as Karma Automotive. The Fisker Karma was then revamped and updated as the Karma Revero in 2016.

Mr Fisker retained the rights to the Fisker name, which he turned into Fisker Inc, and his credentials include designing the Aston Martin DB9, BMW Z8 and VLF Force 1.

 

[SlipZtrEm]

Not sold on the front. Too much like that unfortunate Mustang he did not too long ago.

There's a Karma that I see a few times a year here in Toronto. I try to give thumbs up to the driver every chance I get. I still find it a fascinating machine, even if it was a flawed concept. It was also utterly overshadowed by the Model S, which is another car penned by a designer I quite like (Franz von Holzhausen).