2012 Fisker Karma Eco Standard Sedan * Only 6,604 Miles * 403hp Hybrid on 2040-cars

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Wanxiang increases Fisker bid by $10m, hints at Delaware production

Just before a judicial hearing tomorrow on the fate of bankrupt Fisker Automotive, one of the two companies fighting over the company's remains, Wanxiang America Corp., said it is willing to increase its submitted bit by a cool $10 million in cash. Wanxiang is ready to bring its total starting bid to $35.7 million and said it is willing to pay 'considerably' more if US bankruptcy judge Kevin Gross approves the sale. Wanxiang says it would pay Fisker's unsecured creditors 50 cents (or more) on each dollar they are owed, while a competing bid from Hybrid Technology LLC would net them less than a penny per dollar. Wanxiang has also said that if it gains control of Fisker, it could restart Karma production in Finland and then wants to build a next-gen model (a hatchback Atlantic, which you can see here) in Michigan alongside the gas-powered version of the Karma, the Destino. Wanxiang is also hinting that it could build future models in Delaware, "if there's enough consumer demand." Remember, attorneys for Fisker wanted the judge to deny Wanxiang's initial bid altogether and want the plug-in vehicle company to be sold to Hybrid Tech. Last year, Hybrid Tech bought the Department of Energy's failed loan to Fisker for $25 million. The loan was originally valued at $529 million, but Fisker only ever accessed $192 million of that before the DOE got suspicious and stopped funding. Featured Gallery Fisker Karma by GS Automotive Art News Source: ABC News, Washington PostImage Credit: Gijs Spierings Green Fisker Electric Hybrid PHEV wanxiang destino

Fisker Pear will be built at Foxconn's Lordstown Motors plant

Shares of Lordstown Motors surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had closed the deal to sell its Ohio facility with Taiwanese contract manufacturer Foxconn. The Taiwanese firm confirmed it will also make Fisker's Pear compact car model from 2024 alongside the Endurance at the Ohio facility. The deal closure buys Lordstown Motors some much needed breathing room and gives production of its electric pickup a chance at success, said Danni Hewson, analyst at AJ Bell. "Building electric vehicles is an expensive business at the best of times. Right now the supply crunch is making life incredibly difficult and Lordstown Motors and its shareholders will be feeling a rather heady sense of relief today," added Hewson. Setting up manufacturing lines for electric vehicles is a capital intensive process and startups in the past have struggled to raise sufficient capital to mass produce vehicles. Foxconn will now manufacture Lordstown Motors' Endurance electric pickup truck which will go into production in the third quarter of the year and be in the hands of customers in the fourth quarter. Lordstown Motors will retain some assets including its hub motor, battery assembly lines and intellectual property. The company said the deal closure results in $260 million of proceeds, including the reimbursement of certain operating and expansion costs. The stock fell over 95% from its high of over $30 per share in September 2020, weeks after going public through a merger with a blank check company. It is currently trading under $2. Reporting by Akash Sriram and Bansari Mayur Kamdar in Bengaluru; Editing by Krishna Chandra Eluri Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Fisker delivers first Ocean One Launch Edition in Denmark

Danish car designer and eponymous automaker Henrik Fisker delivered the first Ocean One Launch Edition crossover in his native land, stopping by the Fisker Center+ in Copenhagen to deliver the keys to the new owner. The unit came in Great White over black, 22-inch AirGlider wheels, with white Alcantara seats set among a Sea Salt interior. Being the Launch Edition, it came with the most powerful 550-horsepower dual-motor drivetrain and nearly option, like the 17.1-inch swiveling infotainment screen and SolarSky roof. The dual-motor AWD Ocean One packs a 113-kWh battery powering a range of 436 miles in Euro testing on the 22-inch wheels specced on retail delivery #1. If the customer had chosen the 20-inch wheels, range would be 440 miles. Either number is enough to get from Copenhagen to Stockholm for a seaside vacation with the Ocean. Just after the Denmark celebration, Fisker flew to Munich, Germany, to commemorate the first Ocean registered in that country, a car delivered to Henrik himself. He also opened the new Fisker Lounge in the center of town and a showroom at the company's local headquarters in Munich Motorworld.  On this side of the Atlantic, the company spent last week addressing its Q1 results and expectations for deliveries. Headwinds continue for EV makers of all sizes, but Fisker told analysts he expects the U.S. Environmental Protection Agency to certify the Ocean this month so that deliveries can commence in June. If that timetable holds, all 5,000 examples of the Ocean One Launch Edition should meet their new owners by the end of September, around the same time the top-trim Ocean Extreme — the serial production version of the Ocean One Launch Edition without all the standard goodies — begins deliveries.  Even more recent news suggests a trim package on the way that could almost be considered a fifth trim. Not long after the Ocean debuted in 2020, Henrik Fisker teased an off-road version called the Force E, which stands for Force Electric. At the time, the overhaul was touted as a fleet option for companies who needed "an extreme off-road package" with items like a brush guard, big beadlock tires, and a water spout set into the front bumper. The latest Force E package targets the camping set with a stouter roof rack, new front and rear bumpers, tow hooks at both ends, and less aggressive non-beadlock 33-inch tires on 20-inch wheels. Inside, the options sheet extends to grab handles, tiedowns, and rubber floors.