Print 13 comment(s) - last by LRonaldHubbs.. on Apr 27 at 11:28 AM

Fisker is looking fr a CEO and a new HQ

Fisker was one of the high-profile failures of the Advanced Technology Loan program operated by the U.S. government. The company made a handful of Karma hybrid vehicles and then filed for bankruptcy. A judge overseeing the cars ordered the bankrupt Fisker to hold a competitive auction for the assets remaining, with the winning bid going to a Chinese company.
Wanxiang, the new owner of Fisker, is a Chinese auto parts conglomerate and it has announced plans to relaunch the Karma by mid-2015. The company says that a second Fisker model, the station wagon-style Surf, could ship in 2016. A cheaper, smaller car called the Atlantic is also being considered for production in 2017.

Fisker Surf

“We don’t know if we would keep Fisker Automotive as the company (name),” said Roger Brown, interim President for Fisker. “The cars are the rock stars.”
Fisker received lots of bad press and it would be understandable if the new owners wanted to rename the company. Before the cars can go back into production, the company has to set up a new headquarters and decide where the cars will be produced.

Fisker Atlantic 

“Wanxiang is not flashy. They bought this company, they paid cash for it, they don’t put any debt on their company and they execute,” Brown added. “They didn’t buy the company to export the technology to China. ... They bought it because they want to build a great car company.”
Brown is currently leading a small team of 25 workers, who are the only people not laid off by Fisker a year ago.

Source: Detroit News

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The styling is badass so..
By GotThumbs on 4/23/14, Rating: 0
RE: The styling is badass so..
By amanojaku on 4/23/2014 12:49:48 PM , Rating: 5
What government meddling? A loan, that the government never fully paid out because Fisker didn't meet the conditions? Please, don't rewrite history unless you have a source that no one else has seen. Fisker imploded because of bad management, period.

RE: The styling is badass so..
By Mint on 4/23/2014 2:20:53 PM , Rating: 2
Fisker's decline went beyond just bad management. They designers/engineers didn't have the eye for detail that is needed for a car startup, probably because the contracted out so much the engineering.

Their touchscreen UI was awful. The panel gaps were unfitting for a car this expensive. The performance was lacking for a 400hp car (even considering the weight). The electrical system caused fires. They got the hard stuff right, like exterior/interior design and chassis/handling, but you have be almost perfect to start a new car company.

RE: The styling is badass so..
By Chaser on 4/23/2014 3:26:15 PM , Rating: 2
Yeah a loan given, and recklessly pushed by green movement progressive executive branch government types but paid without consent by the taxpayer.

I don't care if they are successful or not. Let private investors such as venture capitalists or an angel voluntarily carry the risks. Not photo op/vote hunting politicians with reckless agendas that seem only inspired to do "good" when it's the taxpayer's money and not their own.

RE: The styling is badass so..
By BZDTemp on 4/23/14, Rating: -1
RE: The styling is badass so..
By KCjoker on 4/23/2014 6:24:20 PM , Rating: 2
If that happened then good...I don't want money being wasted on companies run badly like Fisker that aren't even American based.

RE: The styling is badass so..
By littlebitstrouds on 4/24/2014 11:02:12 AM , Rating: 1
The rhetoric privileged white men use to talk about government waste is hilarious.

In other news, we spend billions to stop terrorism, and more Americans have died to Police brutality since 9/11 then all terrorist attacks combined...

RE: The styling is badass so..
By purerice on 4/24/2014 3:10:10 PM , Rating: 2
littlebitstrouds, your racist outburst is misguided beyond recovery.
First of all, please before you incite, cite. You make a robust claim about capital-P police brutality that is probably just bust.
Furthermore, not all anti-terrorism efforts are wasteful nor sponsored by whites, privileged men, or even. Even Americans for that matter. Many non-privileged middle eastern women would like to live in a world free of terrorism as well.

Besides, this is completely off-topic.

By littlebitstrouds on 4/24/2014 7:12:07 PM , Rating: 2
I love how being oppressed by rich men, and calling them out on it, gets that kind of outburst.

You see, I shouldn't have to provide countless links to domestic brutality, when the argument has been around for so long. Just like most issues from the 70's that you people hold on to, I'm not waiting for you to catch up anymore.

Don't even bring women into the argument. Cause I don't have to go to middle east oppression to get it. It's happening here too. 1 in 5 women in America are victims of sexual or physical abuse.

RE: The styling is badass so..
By LRonaldHubbs on 4/27/2014 11:28:25 AM , Rating: 2
What? Fisker was an American company prior to going brankrupt.

Good luck
By purerice on 4/24/2014 3:22:27 PM , Rating: 2

The quote here, "the cars are the rockstars" is refreshing compared to Elon Musk who seems in love with the smell of his own flatulence. Finally a CEO, even if interim, who is going to sell cars on their own merits, not the mystique of his own falsely inflated reputation.

If these cars are manufactured in China it will be interesting to see how they compare in reliability, safety, and TCO to US/European cars. They'd be better off selling to the local market and partner with US/European manufacturers to rebrand as "native" cars. GM with Fiskar technology would probably sell better than Fiskar (now seen as "that Chinese company") even if in essence it were the same.

RE: Good luck
By atechfan on 4/24/2014 5:35:11 PM , Rating: 2
What does Fiskar have for tech that would benefit GM? GM did an electric vehicle before anyone even thought of making Fiskar or Tesla or any other EV manufacturer. It sold like crap because it was ugly, expensive, and the battery tech wasn't there yet, but GM was way ahead of the curve on EVs. They had proposed the skateboard design a couple decades ago as well. Of course, by time tech was starting to get to the point where an EV was slightly more feasible, GM had that whole bankruptcy restructuring to go through.

RE: Good luck
By littlebitstrouds on 4/26/2014 12:47:17 PM , Rating: 1
Ya falsely inflated. He just created PayPal, a car company and space flight company... Lol falsely. Take it from someone who's actually spent a few hours with the man, he is not some douchebag wanna be, that my friend, is you.

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