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Wanxiang officially acquires Fisker Delaware plant for $18 million

Perhaps Wanxiang is serious about finally, actually re-starting plug-in hybird Fisker production. One of the first big official steps that The New Fisker has taken, other than putting up a new website, is to buy that old disparaged General Motors plant new Newport, DE for $18 million. Technically, the Delaware plant was included in the Fisker Automotive assets that Wanxiang America won at a bankruptcy auction for $149.2 million last month. What happened last week, according to Delaware Online, is that the plant property was officially transferred to a Wanxiang America affiliate, WX Delaware Real Estate Holding Co. The cost was broken out for the first time and it comes to, you guessed it, $18 million. In a bygone age, Fisker said it could make up to 100,000 Karma electric vehicles a year at the Delaware plant. The California automaker officially bought the plant from "old GM" in late 2009, but never did anything with it, despite Vice President Joe Biden's enthusiastic appearance at the announcement in 2009 (pictured). Five years and one bankruptcy later, we are are curious as ever to see if either the Karma or the Atlantic ever actually rolls off the assembly line there. Of course, the next big step will be to build an assembly line. Related Gallery Fisker Atlantic News Source: Delaware OnlineImage Credit: Rob Carr / AP Green Plants/Manufacturing Fisker Electric Hybrid PHEV wanxiang fisker atlantic delaware fisker production

Almost $1 billion in claims filed against bankrupt Fisker

You may have scoffed when the US Department of Energy sold the rights to its $168 million outstanding Fisker Automotive loan to Hybrid Tech Holdings last December for just $25 million, or about 15 cents on the dollar. It turns out that might be the going rate for anyone with claims against the bankrupt extended-range plug-in maker, though. That's because Fisker, which declared bankruptcy in November, has generated $985.4 million in claims from 618 not-so-happy parties, Delaware Online says, citing a bankruptcy filing from last week. Fisker stopped making its sporty but troubled Karma in mid-2012. Wanxiang America won an auction for Fisker's assets, including its Delaware factory, for $149.2 million. That leaves $836 million, or about 85 percent of the collective value of the claims against the company. Naturally, Hybrid Tech Holdings, which was beaten out by Wanxiang in the bidding for the assets, has jumped in line to see if it can make good on what was formerly that DOE loan. The state of Delaware, where Fisker had acquired an old General Motors factory, is seeking $20 million stemming from some incentives it provided up front. And Finland's Valmet Automotive wants $8.5 million for its work with the company. Former Fisker employees say the company is on the hook for another $6 million, and none other than General Motors itself is claiming it is owed the same amount. Then there is the lawsuit we first heard about in December that was filed against Fisker and some of its executives who were collecting hefty paychecks while no cars were being produced. Add it all up and you get almost a billion dollars. Good times.

Fisker unveils EMotion electric sedan's butterfly doors

Henrik Fisker runs a new company called Fisker Inc., founded after Fisker Automotive crumbled and the Karma electric sedan went to China to be resurrected as the Revero made by a company called Karma. Any new company needs a new product, and Fisker has it: the EMotion electric sedan, which will bring its 400-mile-plus range, four butterfly doors, and a tiny example of its "revolutionary" battery to next week's Consumer Electronics Show in Las Vegas. We have about enough specs on the EMotion to fill a Post-It note, but we're told that the range comes courtesy of a whopping 143-kWh lithium-ion battery that can be re-juiced with a 125-mile range in nine minutes. Fisker Inc. had formed a joint venture with Nanotech to produce graphene batteries, but the JV fell apart. Fisker says the replacement li-ion batteries sourced from LG Chem employ proprietary module packaging to create "probably... the most energy dense battery pack in the world." The company won't be ready to divulge all of its battery and cooling secrets at CES, however, reps do plan to bring a cellphone-sized version to demonstrate the possibilities. Other innovations in development are an automated, hands-free charging connector. As for those doors, they take us back to the Savage Rivale Landyacht GTS, being butterfly portals all around, rear-hinged for the rear set. Not sure how practical they'll be, but they make the all-wheel drive EMotion look like nothing else - something the EMotion already didn't need to worry about. Fisker says the sedan's interior will be more spacious those of its competitors, with rear legroom exceeding that of "many full-size luxury sedans." Every seat gets viewing screens, and top speed rings in at 161 miles per hour. Fisker expects production to begin in 2019 somewhere in the US, and set the base price at $129,000. The order books are open now, with a $2,000 deposit securing your reservation. Related Video: