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Fisker hires restructuring advisers to assist with a potential bankruptcy filing: report

Teslarati

Electric vehicle maker Fisker has sparked potential bankruptcy filing speculations after a report emerged stating that the company had hired restructuring advisors. The move follows Fisker’s statement in February, which indicated that its “current resources are insufficient to satisfy its requirements” for the next 12 months.

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Fisker announces 15% staff layoffs, delays 2023 Form 10-K filing to mid-March

Teslarati

Electric vehicle maker Fisker Inc. announced a 15% workforce reduction on Thursday as it warned that its current resources were likely insufficient to cover the coming 12 months. Fisker’s stock price plummeted 37% after trading hours following the update. Fisker expects to file its 2023 Form 10-K by March 15, 2024.

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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

Wanxiang Group Corporation and its related companies have more than $13 billion in revenue and more than 45,000 employees across its global businesses in equipment and automotive parts manufacturing, clean energy, financial services, agricultural products, natural resources and real estate, among others. Adjusted EBITDA was a loss of $52.4

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

It did not include CODA and Fisker nor models introduced after the survey period such as the Chevy Spark; Fiat 500e; BMW i3 and i8, or the Cadillac ELR. While Tesla Motors was 23 part of the study, California data was unavailable since Tesla opted out of providing data in the state of California. Other incentive-related uncertainties abound.

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Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

and Fisker Automotive Inc.,are We understand the situation, in terms of government andincentives,” Fukui said April 23 in Detroit. Naturally, we’regoing to have to accommodate that too.” General Motors Corp., Toyota Motor Corp. and Nissan MotorCo., and startups Tesla Motors Inc. moves to tighten fuel-economy and greenhouse gasrules.

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Lotus and Harmon partner up to add sound to hybrids

Tony Karrer Delicious EVdriven

Money-losing Chevy Volt will stay alive even if it cant "pay the rent" Tesla CEO will refund money if theres an "Armageddon scenario" Resources About Send us news tips Contact Us Advertise Corrections? Automotive.coms auto loan locator can help you get a lower new car finance rate. Read reviews, get free pricing, and much more.

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VIDEO: Driving a Tesla-powered Smart

Tony Karrer Delicious EVdriven

Bill OReilly challenged by Electric Aid to sign up for an electric car Chevy Volt test drives: surprisingly good stuff in the Cruze bodies SAE 2009: Rasers PHEV is a 100 mpge HUMMER Police sting doesnt stop homebrew electric vehicle maker in California Resources About Send us news tips Contact Us Advertise Corrections?

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