Fisker Automotive

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Landlord Alleges Fisker Left Giant Mess in Its Wake

Company had been renting a nearly 80K-square-foot facility in La Palma, California

(Newser) - Things haven't panned out the way Henrik Fisker thought they would. He hoped to build an EV giant, with the Ocean SUV at its center. Instead, the car has been dogged by software and mechanical issues since its 2023 launch, in part leading the company to file for Chapter...

Van Maker That Got Energy Loan Shuts Down

VPG of Michigan received $50M from feds

(Newser) - Critics of the Obama administration's efforts to boost green energy with the help of government loans have some more ammunition: A Michigan company that made vans for disabled drivers is going under after receiving $50 million from the Energy Department, reports USA Today . The start-up Vehicle Production Group got...

Fisker: Doomed to Be the Next DeLorean?

Obama may have seen it coming

(Newser) - Fisker: It's the sexy electric sedan that Justin Bieber was busted speeding in and which scored a $529 million loan from the Obama administration. Now it's hurtling toward bankruptcy. So what went wrong? asks the Wall Street Journal . Faulty software, suppliers going bust, delayed releases, and car recalls...

Car Maker Gets $529M US Loan, Builds Car in Finland

Claims money was all spent on US design work

(Newser) - Another Energy Department loan guarantee is coming under scrutiny. ABC News has discovered that the Obama administration doled out a $529 million guarantee to Fisker Automotive to build its new state-of-the-art luxury hybrid, only to see Fisker build the car in a factory in Finland. Fisker says there were simply...

Electric Car Maker Sues Rival for Stealing Trade Secrets

Designer Fisker employed by Tesla, then started own company

(Newser) - The maker of an electric sports car is suing a rival company, alleging stolen trade secrets, the New York Times reports. Tesla Motors hired Henrik Fisker to design a new sedan; after a subpar effort, Tesla says, he founded his own company and built a better vehicle with Tesla tricks....

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