bankruptcy Archives – The Green Optimistic

Fisker Automotive Files Chapter 11 Bankruptcy

Benji Jerew — Mon, 25 Nov 2013 20:04:16 +0000

It seems like its been a long time in coming, but Fisker Automotive has finally declared Chapter 11 Bankruptcy. After taking out $192 million in US Department of Energy [DOE] loans and better than $500 million from private investors, Fisker Automotive had a very difficult time getting on a roll. The Fisker Karma, and future […]

The post Fisker Automotive Files Chapter 11 Bankruptcy appeared first on The Green Optimistic.

Fisker Automotive Loan to be Auctioned – DOE Mostly Likely Will Lose

Benji Jerew — Wed, 18 Sep 2013 20:18:21 +0000

I’m sure it seemed like a good idea at the time, but the chips just didn’t fall right for Fisker Automotive. Fisker’s defaulted loan is now up for auction. In the beginning, Fisker Automotive had been awarded $529 million in guaranteed loans, from DOE’s [Department of Energy] Advanced Technology Vehicles Manufacturing Loan Program, about four years […]

The post Fisker Automotive Loan to be Auctioned – DOE Mostly Likely Will Lose appeared first on The Green Optimistic.

ECOtality Could be Another Fatality in Difficult Electric Vehicle Market

Benji Jerew — Thu, 15 Aug 2013 18:41:44 +0000

The electric vehicle market is not, by any means, stable and growing. Some companies have been lost along the way. ECOtality, purveyor of fast-charging stations, could be next. When I mention fatalities in the electric vehicle market, feel free to name names, such as recently bankrupt CODA Motors, Fisker Automotive, A123 Systems. On the other […]

The post ECOtality Could be Another Fatality in Difficult Electric Vehicle Market appeared first on The Green Optimistic.

CODA Automotive Subsidiaries File for Bankruptcy Protection

Benji Jerew — Tue, 18 Jun 2013 16:05:19 +0000

By now, it seems like electric vehicle make the news more often for failure than for success, such as a recent announcement by CODA Automotive subsidiaries Lio Energy Systems and Miles Electric Vehicles. CODA Automotive has been suffering for a lack of style, having sold just over one hundred of its electric vehicles in outdated […]

The post CODA Automotive Subsidiaries File for Bankruptcy Protection appeared first on The Green Optimistic.

Fisker Automotive Blames Battery Maker A123 for Failure

Benji Jerew — Mon, 10 Jun 2013 18:17:08 +0000

With the recent news that Fisker Automotive is looking at bankruptcy, the next obvious step, aside from selling off assets, is to figure out who is to blame. Fisker Automotive and A123 Systems could be inextricably linked in the minds of investors and politicians, seeing as A123 was the sole supplier of advanced lithium-ion battery […]

The post Fisker Automotive Blames Battery Maker A123 for Failure appeared first on The Green Optimistic.

Henrik Fisker Wants to Recover Fisker Automotive

Benji Jerew — Tue, 28 May 2013 17:16:04 +0000

Fisker Automotive has been suffering of late, after a string of unfortunately occurrences, perhaps some poor decision-making by executives, and the exit of co-founder Henrik Fisker in February. Henrik Fisker, famous for his designs at Audi and BMW and co-founder of Fisker Automotive, didn’t leave because he’d decided his vision was clouded. When you open […]

The post Henrik Fisker Wants to Recover Fisker Automotive appeared first on The Green Optimistic.

Sad News: Battery Swapping Company Better Place Goes Bankrupt

Benji Jerew — Mon, 27 May 2013 16:33:04 +0000

Better Place has stuck by its vision of electric vehicles that recharge in minutes, via battery swapping, but there just isn’t enough support for it, be it from automakers or consumers. It seems like a great idea, being able to quickly swap out the traction battery in an electric vehicle in about 10 minutes. Instead […]

The post Sad News: Battery Swapping Company Better Place Goes Bankrupt appeared first on The Green Optimistic.

Bob Lutz asks, “Should the US Bail Out Fisker Automotive?”

Benji Jerew — Tue, 30 Apr 2013 16:39:49 +0000

There are plenty of moves by the US government that have controversial, bailing out General Motors and Chrysler [and other companies] is one of them. Should Fisker Automotive have this same consideration? Large automobile manufacturers like General Motors and Chrysler were hanging on by a thread. In order to stabilize them, maintain production, and save […]

The post Bob Lutz asks, “Should the US Bail Out Fisker Automotive?” appeared first on The Green Optimistic.