Fisker Automotive News

The U.S Energy Department loan program has provided a boost in innovation to promote the development of cleaner cars.

The Fisker Karma, one of the most beautiful cars of the 21st century, can now be purchased for a 60% discount online.

The road has gotten bumpier for electric cars. Coda Automotive, one of what had been a promising crop of electric car startups, filed for bankruptcy protection this month, and said it would reorganize around the electric storage market.

WASHINGTON: The road has gotten bumpier for electric cars. Coda Automotive, one of what had been a promising crop of electric car startups, filed for bankruptcy protection this month, and said it would reorganise around the electric storage market.

The U.S. Department of Energy's Advanced Technology Vehicles Manufacturing program, which floated taxpayer-funded loans to Fisker Automotive and four other companies, has been taking a lot of heat lately in the wake of Fisker's troubles.

The official, revamped website for Fisker Automotive appears to be more of an homage to the company's focus on style rather than an accurate snapshot of the struggling automaker's actual troubles.

Veteran auto industry executive Richard Beattie has joined Kawasaki Motors Corp.

Coda Automotive , the electric car manufacturer that filed for bankruptcy Wednesday morning , never received the $334 million loan it had hoped to secure from the Department of Energy , unlike comparable green auto startups Fisker Automotive and Tesla Motors.

Kawasaki Motors Corp., U.S.A. today announced the hiring of Richard N. Beattie, an experienced automotive industry executive, to the new position of Chief Marketing and Sales Officer, reporting directly to Tak Teranishi, KMC President.

Boy, that was a disaster. The L.A.-based electric automaker, which sold just 100 vehicles, is getting out of the car business and focusing on energy storage for utilities and building operators.

If you go to www.fiskerautomotive.com , you see a picture of a red Fisker Karma sedan and the words, "Welcome. New Site coming soon." Ominously, if you click on the "Tomorrow" link at the top of the page, nothing happens.

According to new documents released by a House committee, the Energy Department has spent years until it offered loans to several green energy companies such as A123, Bright Automotive, Enerdel, Think Global, Next Autoworks and Dow Kokam.

Washington Post columnist Charles Lane thoroughly deconstructs the Obama Administration's failed efforts to use taxpayer funds to play "green" automobile venture capitalist.

Fisker Automotive founder Henrik Fisker, in testimony before a U.S. House panel, maintained his optimism that the company still could succeed.

Fisker Automotive, a luxury electric car manufacturer that benefited from almost $200 million in stimulus benefits, is teetering on the verge of bankruptcy.

Troubled sports-car maker Fisker Automotive Inc. failed to make a $10 million payment on a federal government loan Monday, tipping the company closer to a bankruptcy reorganization or liquidation.

Fisker Automotive featured in a House hearing this week, as congressmen questioned how that luxury electric-car maker-now in financial straits-ever qualified for a $529 million federal loan guarantee.

While Henrik Fisker was in Washington, D.C. being grilled by Congress over government loans received by his former company, Fisker Automotive , Tesla co-founder Elon Musk was offering to give the California government money to help widen the 405 freeway.

If you've come in late to the movie the Life and Death of Fisker Automotive , you might get the impression that the only thing that stood between success and failure for the electric car company was their inability to meet a few milestones that the government imposed.

One foot on a banana peel, the other in the grave. That's where Fisker Automotive and SoloPower find themselves, struggling for survival despite generous government handouts in the form of loan guarantees and tax breaks.