2023 Fisker Ocean on 2040-cars

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Fisker bankruptcy auction scheduled for February 12

Will the long, twisted tale of Fisker Automotive and it bankruptcy assets finally end on February 12? It might, because that's the date a bankruptcy court has now set for an auction to let the bidders decide who will take home the plug-in automaker's goods. The auction will be held at the law offices of Kirkland & Ellis in New York, according to a new report in Reuters. As we know, China's Wanxiang Group and Hybrid Tech Holdings are the two companies who are most vocal in their desire for Fisker. After an initial bid of around $25 million, Hybrid Tech is now ready to start the bidding on the 12th at $55 million and basically called itself Fisker's best friend during this troubling time in a recent statement. The controllers of the Fisker assets say they prefer Hybrid Tech's bid to Wanxiang's. Fisker stopped making the plug-in hybrid Karma in late 2012 and filed for Chapter 11 bankruptcy last year. Fisker's assets were supposed to be sold to Hybrid Tech Holdings in early January, but a last-minute stalking horse bid by Wanxiang set in motion the series of events that will lead to the auction next month.

New Fisker owner ready to go broke building EVs, challenging Tesla

Now this is the kind of fighting spirit we like to see. Lu Guanqiu is a Chinese billionaire who has visited the White House alongside Chinese president Hu Jintao in 2011. He's worth an estimated $3.1 billion. And he wants to take on Tesla Motors and other EV makers with his newly purchased company, Fisker Automotive. Lu is the chairman and founder of China's Wanxiang Group Corp., which bought Fisker for just under $150 million earlier this year. It also purchased battery supplier A123 Systems last year. Speaking to Bloomberg recently, Lu said that EV technology is at the top of his list of ways to go broke. "I'll put every cent that Wanxiang earns into making electric vehicles. I'll burn as much cash as it takes to succeed, or until Wanxiang goes bust," he said. Ahhh, inspiring. "I'll burn as much cash as it takes to succeed, or until Wanxiang goes bust" – Lu Guanqiu Exactly how and when new Fisker vehicles come to market - or if they'll even be Fiskers when they do – has been the subject of some debate. As part of the Fisker bankruptcy auction, Lu and Wanxiang now own an old, empty General Motors plant in Wilmington, DE. Lu told Bloomberg that Wanxiang has plans to first start building EVs, including the Karma plug-in hybrid, in the US (which suggests that restarting Karma production at Valmet is not going to happen) and to later build them in China. Right now, Lu's company only makes one type of electric vehicle: buses. Lu told Bloomberg he knows it will take a while to get his electric cars to market: "The road is still very long. We want to concentrate for now on manufacturing in the US. If I don't succeed, my son will continue with it. If he doesn't make it, my grandson will." Currently, emails sent to the "New Fisker" website are met with an automated response that promises a more personal touch later. It also says that the company is "very well funded and have a great plan to create a world class automotive company." That the new owner is ready to go broke doing so is not mentioned. You can read the New Fisker email and see a Bloomberg video on Lu below. Dear Fisker enthusiast, We at 'The New Fisker' would like to sincerely thank you for the email you sent via the website and greatly appreciate the time you have taken to reach out to the new company. The details of your correspondence are being reviewed by members of our devoted team, who are truly passionate about responding to you individually and personally.

Fisker Ocean will start at $379 per month under subscription service

As promised, Fisker on Wednesday opened the order books for its forthcoming Ocean battery-electric SUV and announced pricing and other details ahead of its launch in 2022. Also as promised, the eco-luxury ‘ute will come in well below what Volvo is charging under its Care by Volvo subscription program. Fisker will make the Ocean available primarily through a monthly lease that starts at $379 per month through its mobile app, which is now live for iOS and Android platforms. That compares to $700 per month to get into Care by Volvo with the XC40, and mileage limits are twice those of the latter, at 30,000 miles per year, compared to 15,000 for Volvo. That makes good on founder Henrik FiskerÂ’s promises to be cheaper and more generous on mileage than its competitor. However, youÂ’ll need to put down $2,999 to trigger that price level, compared to just $500 to get started under Care by Volvo. And unlike its benchmarked competitor, insurance is not included, though Fisker says it expects customers will be able to access affordable quotes through its mobile app “due to a unique and proprietary low cost of service and maintenance model.” Similar to some other subscription services, the Fisker lease program eschews long-term contracts in favor of giving customers flexibility to return the vehicle any time, even after as little as a month. It also covers maintenance and service, with pickup and return of the vehicle included. Check out AutoblogÂ’s Complete Guide to Car Subscriptions. Fisker says there will be five option packages for the Ocean, available closer to the end of the year, that are designed to reduce the complexity of option configurators. Fisker will also set up what itÂ’s calling “experience centers” in shopping districts and airports where customers will be able to see the vehicles and spec packages. Starting in 2021, customers will also be able to schedule test drives through the mobile app. The company released some new details, including a “California Mode” — presumably a retractable sunroof feature — that will be standard on all trim grades above the base version, four-wheel drive versions with electric motors front and rear, and the promise of a five-star safety rating. Reservations cost $250 and are fully refundable.