2012 Fisker Karma Sport on 2040-cars

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Fisker creditors want a repayment do-over

In February, the Chinese company Wanxiang won control of Fisker Automotive at a bankruptcy auction for a final bid of $149.2 million. The sale meant that Wanxiang would now have to deal with all of the creditors claiming that Fisker owed them money. Those individuals and groups had a combined $1 billion in claims, and they're not happy with how the bankruptcy is shaking out. In April, a settlement was announced that would see those unsecured creditors get back pennies on the dollar. The unsecured creditors are telling the bankruptcy court that they want the judge to take away control of the bankruptcy proceedings from Fisker and implement a new repayment plan. The request was filed by a committee representing the creditors, which said it could have the new plan submitted in a matter of days, if the judge agrees with the request. The committee says there are "unreasonable demands" in the current repayment plan, such as a big paycheck for Fisker's chief restructuring officer, worth $750,000. If the judge allows the unsecured creditors to file a new plan, it will result in the "best possible outcome," the filing said. We admit we're feeling a bit confused and dragged along by the Fisker bankruptcy proceedings. And we're quite sure that the new owners have got to be fed up as well, since they're likely to be in a bit of a time crunch if the company's really going to re-start Karma production next year.

Fisker teases electric crossover again and a high-vis turn signal

Elon Musk turns to Twitter when it's time to spread the Tesla news. Henrik Fisker perfers Facebook. The Danish-American designer took to FB once more to tease his coming electric crossover, this time showing a slice of the rear three-quarter. The feature he wants to highlight is the turn signal set into the D-pillar, which "will provide extra safety when you change lanes." There are a fair few other details to glean as well. Starting from the top, a sunroof opening appears mounted quite a bit rearward. The aperture appears small in view of Fisker promising us that pressing a button will open the roof to create "an extended open-air atmosphere;" so we expect there's another opening over the front seats. The belt line catches the eye; we'll see what it does for rear three-quarter visibility from the driver's seat. The pop-out door handles look to be illuminated by thin LED strips, and more such strips look to define the CHMSL on the tailgate spoiler and taillights. And note the curve of that seriously punched-out rear fender, designed to fit the optional 22-inch wheel. Fisker says the full-on reveal comes this December. From that point, it'll be around an 18-month wait for the production version, planned for the latter half of 2021. Many headlining features have been promised, from the "vastly spacious" and "innovative interior with new utility features," the "captivating design touches that have been traditionally reserved for supercars," and an as-yet-unidentified "new radical feature." Beyond the teasers, what we're expecting is a 300-mile range from a lithium-ion battery pack of at least 80 kWh, a single electric motor standard, two when optioned with all-wheel drive, and a price of under $40,000 to start. The electric mover will be one of three affordable EVs coming from Fisker gathered under the $129,000 EMotion flagship electric sedan. Expect more teasers before December.

Bob Lutz named chairman at Via Motors

Bob Lutz is staying very busy. The ex-vice chairman of General Motors, and champion of the Chevrolet Volt, has been named chairman of the board at Via Motors. Lutz will need to squeeze that in between his role as senior advisor at vehicle interior designer Katzkin, being an owner at VL Automotive and perhaps as an advisor to Wanxiang and Fisker Automotive. Lutz thinks that Via's business plan of building extended range plug-ins is a smart way to go. "If we are going to see main stream adoption of electric vehicles, the technology must deliver a good return on investment to the largest segment of the auto business, namely trucks, vans and SUVs," Lutz said in a prepared statement, which you can read below. Lutz has decades of experience holding executive positions at some of the world's leading automakers and has spent the last few years working with green-focused start-ups. Lutz will replace Carl Berg, who served as chairman since Via's launch in 2009 and will continue to be the company's largest stakeholder. As Via's new chairman, we figure Lutz will continue bragging about the trucks' bells and whistles – such as its built-in solar panels that can add 10 miles of range to the battery pack if it's parked in the sun all day. ANN ARBOR, MI– VIA Motors announced today that auto legend, Bob Lutz, former vice chairman of General Motors and a board member of VIA Motors, was appointed Chairman of the Board of VIA Motors, maker of extended range electric trucks, vans & SUVs. Lutz is also known as the "father of the Chevy Volt" America's best selling electric vehicle. "VIA is fortunate to have the experience of one of the industry's foremost executives leading our board," said John Weber, VIA Motors, CEO. Mr. Lutz brings with him a passion for the evolution of the automobile, and decades of experience from his tenure in top executive positions at each of the world's leading auto companies, noted Weber. "I believe VIA is electrifying the right end of the business and is implementing a very sound business strategy," said Lutz. "If we are going to see main stream adoption of electric vehicles, the technology must deliver a good return on investment to the largest segment of the auto business, namely trucks, vans & SUVs. That's why I am so confident in VIA and I'm pleased to serve as Chairman," said Lutz. Lutz is replacing retiring chairman Carl Berg, who has served with distinction since VIA's launch in 2009.