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Fisker Becomes Karma Automotive, To Relaunch In 2016

Green Car Reports

Henrik Fisker hasn't been involved with his namesake company since before it declared bankruptcy in 2013. But Fisker Automotive has continued to bear his name since being purchased by Chinese automotive supplier Wanxiang.

Karma 60
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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

million non-cash charge related to an additional write down of its investment in Fisker Automotive. The agreement would also include the potential for Wanxiang to invest up to an additional $175 million if it exercises the warrants that would be issued in connection with the Bridge Facility and the Convertible Notes for cash.

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